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South Africa Bails out State Airline with US$641m


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MIAMI – With funds from other government agencies to execute the rescue plan, South African Finance Minister Tito Mboweni allocated 10.5bn rand (US$641m) to the grounded state-owned South African Airways (SA). Last month, the administrators in charge of the carrier suspended the airline’s operations until the government injected the funding it has promised. As such, […]

The post South Africa Bails out State Airline with US$641m appeared first on Airways Magazine.

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