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South African Airways' rescue plan approved

Carrier will receive half a billion euros

Half a billion euros: amount is considerable, to say the least, but it was deemed appropriate for the rescue of carrier South African Airways (read also the article published by AVIONEWS). Local government decided to finance the airline's restructuring plan with 10.5 billion rand (the equivalent of 500 million euros), after months and months of economic difficulties. In fact, since last December this...

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Cape Town, South Africa, 10/29/2020 14:15
AVIONEWS - World Aeronautical Press Agency

AirlinesNew South African carrier has an official name: Lift

On-line contest registered 25 thousand suggestions

Wakanda Air, DjyRyNie and Lekker Airlines: these are some of the suggestions that South African citizens proposed online for the new national carrier (read also the article published by AVIONEWS). Eventually... more

AirlinesPlanes. No funding yet for South African Airways

There will be a crucial meeting of creditors tomorrow

A long-awaited meeting: the fate of carrier South African Airways could depend on the meeting organized for tomorrow, on Friday September 18, 2020. This is the meeting called urgently and which will involve... more

AirlinesEthiopian Airlines interested in saving South African Airways

African company has been in bankrupt for months

South African Airways is experiencing hectic hours and IT is looking for a business partner who can guarantee its operational future. South African carrier filed for bankruptcy several months ago, but... more

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