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

Farmageddon

Mali is rapidly becoming a major terrorist focus point. Alan Warnes looks at what’s being done to combat the problem.

Significant growth in aviation jobs expected

The International Air Transport Association (IATA) has published the results of a global survey of Human Resources professionals in the aviation industry highlighting key challenges in talent acquisition, training and retention.

Boeing to acquire Millennium Space Systems

Boeing will acquire Millennium Space Systems, a provider of agile, flight-proven small-satellite solutions, under an acquisition agreement that will expand Boeing's satellite and space portfolio, talent and capabilities.

Air Mauritius starts operations to Wuhan, China

The Wuhan route will be served by an Airbus A340 in a 34 business class and 264 economy class configuration.

ExecuJet welcomes first Pilatus PC-24 to Africa

ExecuJet, part of the Luxaviation Group, will be the first business aviation company to operate and manage a Pilatus PC-24 Super Versatile Jet in Africa.

Why Africa looks booked to succeed

For many years, Africa has been talked of as a continent of great potential in commercial aviation. That potential has never really materialised. As Alan Dron reports, the authors of a new book believe that, at last, things are about to

TAA SK0902311218
See us at
MarrakechAirshow BT2507241018AirCargoAFA_BT220318210219GroundHandling BT2205130918AviationAfrica_BT0607280219AAD2018 BT