CAPE TOWN: South African Airways’ administrators proposed the government put up at least 26.7 billion rand (US$1.5bil) to rescue the carrier after years of losses and the grounding of commercial passenger flights to contain the spread of coronavirus.
The state-owned airline was placed in a local form of bankruptcy protection in December, and the rescue team led by Siviwe Dongwana and Les Matuson have asked for repeated extensions to the publication of a rescue plan.
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