South Africa to create a new national carrier to replace embattled South African Airways
South Africa is seeking to create a new thriving national airline out of the ashes of its current state-owned carrier, which is technically insolvent and on the brink of being placed in liquidation by administrators.
South African Airways (SAA) has recorded no profit since 2011 and has survived through government bailouts.
An ideal replacement for South African Airways would have both public and private owners, maintain the country’s trade connections and make a profit, the department of publi…
READ MORE : http://www.africanews.com/2020/05/02/south-africa-to-create-a-new-national-carrier-to-replace-embattled-south
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