State to fork out R26bn for new SAA
Business rescue plan details retrenchments, repayment of funders and restart costs
The business rescue plan for SAA, which was published on Tuesday night, envisages a restructured airline that will begin flying in the near future due to a new bailout from the government.
It is envisaged that the new company will employ 1,000 of the existing staff with the remainder retrenched...
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