SAA plans to go to market to raise R2.25bn
The national airline’s five-year plan reveals it will look for an equity partner in the second phase of its restructuring
22 April 2025 - 05:00
National airline SAA has submitted a five year, two-phase corporate turnaround plan to the government that could see it going to the market for a R2.25bn investment facility and seeking a strategic equity partner.
According to the restructuring plan, which Business Day has seen, SAA intends to overhaul its governance structure, creating a three-tier entity including a group holding company, which would have under it a property company, an aircraft asset management company and the airline itself...
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