Public enterprises minister Pravin Gordhan said embattled SA Airways (SAA) going into urgent business rescue was not a bailout, but would restore the confidence of the airline and help safeguard the entity.
Gordhan said the restructured airline should mark the beginning of a new era in SA aviation.
Gordhan believed the business rescue would allow the airline to operate in “an orderly and safe manner”. “It will provide an opportunity to critically review the cost structure of the airline, while simultaneously attempting to retain as many jobs as possible.
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