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A South African Airways A340-600 on approach to Frankfurt. (Photo: AirlineGeeks | Fabian Behr)
[ News ]June 2, 2020 10:45 am ET
By Victor Shalton

South African Airways to Receive $1.2 Billion Government Bailout

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 not less than R2 billion to restart operations once there are relaxed travel restrictions brought up by the coronavirus pandemic. In addition, another R2 billion…

[ News ]October 12, 2019 12:00 am ET
By Daniel Morley

U.K. Government Looks to Change Repatriation Rules

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…