South African Airways (SAA) needs short-term funding from the government by the end of next week for the state carrier's business rescue process to continue, its administrators said in a statement on Thursday.
"It is prudent to advise affected persons of the company's dire financial position," they said.
"The existing funds which are available for operational expenditure ...are near depletion."
South African Airways needs state cash next week -administrators
Image: SAA
South African Airways (SAA) needs short-term funding from the government by the end of next week for the state carrier's business rescue process to continue, its administrators said in a statement on Thursday.
"It is prudent to advise affected persons of the company's dire financial position," they said.
"The existing funds which are available for operational expenditure ...are near depletion."
Former SAA board chair Dudu Myeni 'ran Eskom' from Jacob Zuma's house
Ethiopian Airlines in rescue talks with SAA -CEO
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Related articles
Latest Videos