Reparation

The South African government has agreed to finance the restructuring of South African Airways (SAA) as indicated in a copy of a draft plan shown on Monday. The draft plan involves a government agreement to spend R21 billion ($1.2 billion) to restructure SAA. According to the draft plan, a working capital injection is estimated at […]

The collapse of an airline in the United Kingdom can create multiple headaches for the U.K.’s government. Not only does the country face potentially thousands of newly unemployed citizens, the stranded passengers will need to find a way home. Under current laws in the U.K., the government will rescue stranded passengers by chartering aircraft. With […]