Airlines
South Africa Exerts Last-ditch Effort to Rescue National Carrier
South African Airways now operates under bankruptcy protection.
A South African Airways Airbus A340-300 approaches Hong Kong Chek Lap Kok Airport. (Photo: Flickr: Creative Commons (BY-SA) by byeangel)
A South African Airways Airbus A340-300 approaches Hong Kong Chek Lap Kok Airport. (Photo: Flickr: Creative Commons (BY-SA) by byeangel)

The government of South Africa is exerting a last-ditch effort to rescue loss-making national airline South African Airways (SAA) after the airline reached the brink of collapse last week due to deteriorating financial performance. Subsequently, once one of Africa’s biggest airlines filed for a business rescue from the government to avert liquidation. After a long debate, President Cyril Ramaphosa’s administration has decided to grant bankruptcy protection to the bleeding national carrier.