South African Airways (SAA) will receive R3.5 billion of emergency funding from the Development Bank of Southern Africa.
The state carrier sought bankruptcy protection last month.
SA Flyer Magazine editor Guy Leitch says this is a further travesty.
This is just further travesty. They are continuing to compound the problem of SAA by making it everyone else's problem. They have leaned on the development bank to release funds that it shouldn't actually be releasing ... it is supposed to be developing infrastructure.— Guy Leitch, Editor - SA Flyer Magazine
It is still in my opinion not okay that they are literally raiding the government coffers and associated institutions...one we have all been worried about is when they are going to start raiding the pension funds to support the airline as well.— Guy Leitch, Editor - SA Flyer Magazine
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