South African Airways enters business rescue proceedings

The government is supporting efforts to secure the embattled flag carrier’s future while maintaining operations.

SAA has been plagued by financial and operational struggles for several years, without long-term stable leadership.

Minister Pravin Gordhan of South Africa’s department of public enterprises on Thursday (5 December) confirmed the government’s involvement in the rescue procedures, stressing a proposed restructure would safeguard the airline’s assets and restore confidence in the carrier.