Skip to content

Puckinflight

An all things aviation blog

South African Airlines has been in financial trouble of the past few months. This culminated with the need to secure a 64 million dollar short term loan to cover fuel costs. According to Times Live, a South African newspaper, the airline is financial trouble. Though the airline is owned by the state, the state has been unwilling to grant the airline a 600 million dollar line of credit to cover obligations. While the airline is trying to cut costs and re-evaluate supplier relationships, will it be enough?

http://www.timeslive.co.za/local/2013/01/06/saa-bailed-out-of-crisis1

%d bloggers like this: