January 9, 2013 Begining of the end for South African Airlines.
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?