Acsa talks to creditors in a bid to ease debt conditions
State-owned entity cannot rule out request for shareholder support until its strategic review is complete
Airports Company SA (Acsa), the majority state-owned entity that owns and operates the largest airports in the country, says it is engaging with lenders on relaxing terms as it attempts to navigate the fallout from the Covid-19 pandemic.
The company has seen a major chunk of its revenue base cut off, mainly because of the flight ban imposed by the government as part of measures to curb the rapid spread of the Covid-19 virus. Only chartered flights either bringing back South Africans stranded in foreign countries or transporting foreign nationals to their home countries are allowed, and then only after obtaining a permit. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.