PPRuNe Forums - View Single Post - ANOTHER bail-out for SAA!!!
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Old 12th Jan 2013, 16:45
  #38 (permalink)  
308GT4
 
Join Date: May 2008
Location: South Africa
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So correct me here please....... SAA's operating cost, fuel, was in danger of not being paid, so they go to the venerable 'minister' for a "loan". 3 Months apparently. mmmm. So, in 3 months, SAA is such a sterling profit generating- thing, that it will generate sufficient profit at the end of the 3 months to be able to pay back the last cent of R530 000 000 plus interest. Mmmm, Warren Buffet, George Soros, you guys are losing out badly! Here in the good old South AFRICA, we have an AIRLINE which is doing so well that their net profit in a short 3 months is enough to repay a loan/letter of credit to the tune of more than half a billion Rand! AGAIN already!!!!!
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