PPRuNe Forums - View Single Post - Do we really need SAA ? (Commentary by M&G)
Old 5th Aug 2005, 16:04
  #11 (permalink)  
nugpot
 
Join Date: Jan 2000
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Wiele

Try and check your facts before posting. SAX has never been "recapitalised" with tax payer money. The only way that the tax payer would lose is if SAX closed down and the loans by Transnet could not be repayed.

All airlines borrow money. Sax happens to borrow from Transnet, its current owner.
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