South african aviation on the brink of collapse

If you stand in front of a journey from the cold of winter to South africa, the heat provided by South African Airways, you should probably follow luftfartsnyhe

South african aviation on the brink of collapse

If you stand in front of a journey from the cold of winter to South africa, the heat provided by South African Airways, you should probably follow luftfartsnyhederne in the coming time.

South africa's biggest carrier flying at the time of writing from Copenhagen Airport, but the company is dangerously close to a collapse, which can trouble the journey south.

South African Airways business is going so poorly that the state has put the company under a form of protection against bankruptcy.

The writing finansmediet Bloomberg.

South African Airways has not delivered a surplus since 2011, and since the 1990s, the state has injected billions into the company to keep the hand under the nationaltejede carrier.

In november took the company a hard blow, when the staff organised and on the way held a large number of aircraft on the ground, writes Bloomberg.

in Order to avoid the airline's collapse, the state has now awarded them yet another rescue package.

It contains milliardlån and a review of how the company can cut down on expenses.

South africa's minister for public enterprises, Pravin Gordhan, has, according to the media stated that there is talk about a 'radical restructuring' of the South African Airways:

"Our actions must give the customers of South African Airways reassurance to continue to use the airline, because there will be no unforeseeable delays of flights or cancellation of flights without proper notice, if it should be necessary," said Pravin Gordhan.

Now there remains to see if the bailout plan for the national airline of the works.

Or on state again at a later time have to stick your hand under the South African Airways, to the danes may fly as far south as possible.

Updated Date: 06 December 2019, 01:00

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