South African Airways (SAA) is on the verge of financial collapse following its failure to pay its staff, as the airline struggles to gain the funds in order to avoid its demise. South Africa’s flag carrier needs to secure approximately $135 million to survive, the Financial Times has reported. In the past few decades, SAA has been granted state aid worth billions of dollars to stay aloft, but the airline has struggled to compete with rivals such as African and Gulf airlines. President Cyril Ramaphosa now faces a dilemma with SAA on the brink of collapse. He pledged to turn
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.