in Business & Finance

South African Minister of Finance approves disbursement for SAA

Posted 19 September 2016 · Add Comment

South African Minister of Finance, Pravin Gordhan, has approved the disbursement of a ZAR5 billion (USD351 million) state-backed guarantee to struggling carrier, South African Airways (SAA), reports ch-aviation.

 

The move will allow the loss-making carrier to finalise its 2015/16 accounts and retain its status as a going concern.

* required field

Post a comment

Other Stories
Latest News

Airbus and Cote d'Ivoire sign deal to boost the West African country"s aerospace future

Côte d’Ivoire and Airbus have signed an MoU to establish a framework of collaboration to support the development of the country’s aerospace industry which has been identified as strategic for its economic development.

Pegasus Airlines signs codeshare agreement with Nile Air

Pegasus has signed a codeshare agreement with Nile Air.

Kenya Airways launches direct flights to Mauritius

Kenya Airways will be flying to Mauritius four times weekly from Jomo Kenyatta International Airport, Kenya, the Mauritian Tourism Minister Anil Gayan has announced.

Cheetah purrfect for US private air force

The most advanced fighter aircraft ever constructed in Africa is about to find a new lease of life on the other side of the world. Alan Dron reports.

Honeywell and Flightaware to enhance flight-tracking capabilities

Honeywell is joining forces with flight tracking data company FlightAwar to bring a new level of advanced flight tracking support to operations control centres and business jet owners.

One Nilestone after another

Nile Air, Egypt’s largest privately owned airline, is exploring several avenues to ensure its continued growth in the challenging economic climate. Alan Dron reports.

TAA SK0902311218
See us at
AirCargoAFA_BT220318210219GroundHandling BT2205130918AAD2018 BT