A "transition plan" drawn up by the former board of directors of South African Airways (SAA) has indicated that the airline will report a loss of R1.25bn for the past financial year, while the airline’s liabilities exceed its assets by 359%. The airline was granted a R5bn government guarantee last...
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TUI TRAVEL ORDERS TWO AIRBUS A330-300S FOR CORSAIRFLY
By
Dino D'Amore
28th January 2011