PPRuNe Forums - View Single Post - ANOTHER bail-out for SAA!!!
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Old 3rd Oct 2012, 14:55
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spacedaddy
 
Join Date: May 2002
Location: Southern Africa
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Question

I thought we were told earlier that the SAA fleet was too old to compete (puke) and that more modern aircraft were a necessity. Had to get rid of the junker B737-800's and get those better perfoming Airbus planes. lol. Now I have heard that the operating financials were so bad that the money will be used to keep operating and that is the reason the Minister refuse to release the financial statements last week with the Board subsequently resigning. Either way, it's like Mr. Mbeki said, "SAA is vital to the government and we will underwrite their losses, no matter how great".
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