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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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AVIONEWS - World Aeronautical Press Agency