SAA could exit administration this month, government says

SAA may exit administration at the end of February.
SAA may exit administration at the end of February.
Image: Reuters

South African Airways (SAA) may exit administration at the end of February and a decision on an equity partner for it could be made by the end of March, the department of public enterprises said on Wednesday.

The public enterprises department said in a presentation that the remainder of a R10.5bn bailout could flow to the airline now that an appropriation act had been passed.

A plan for SAA to resume operations had not yet been agreed, it said.


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