The government’s SAA endgame is a leaner state-owned airline with private sector participation: getting there was what tripped it up last week as it scrambled to find a solution to its national carrier conundrum.

The cabinet subcommittee responsible for the matter outlined three options: business rescue, liquidation or restructuring. Business rescue, the eventual choice, was initially resisted.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now