Definition...
A bailout is a colloquial pejorative term for giving a loan to a company or country which faces serious financial difficulty or bankruptcy. It may also be used to allow a failing entity to fail gracefully without spreading contagion. The term is maritime in origin being the act of removing water from a sinking vessel using a smaller bucket
However you look at it SAA is still failing where clearly it should not.
What an embarrassment for South Africa considering other smaller African nations like Kenya and Ethiopia have such profitable carriers.
Maybe it is about time South Africa got it's head out of it's arse and PRIVATISED this symbol of national shame before there is nothing left to save!