The speculation is that a BEE investment consortium has bought the airline.
Could this be that they see the gap in the market as SAA downsize?
If it was a BEE act, SAA would be FORCED to downsize. I dont see the government using tax payer's hard earned ZAR trading beads to close down one of their own.
Interesting idea, but dont buy it either. BEE tried once before with SAX, dont see it happening again.
Old story about making a small fortune in avition.....