South African Airways (SAA) is in line for another government bailout as part of a restructuring initiative aimed at restoring profitability by 2020-21. More cash is also in the works for regional carrier SA Express. Presenting his Medium-Term Budget Policy Statement to the South African parliament Oct. 24, finance minister Tito Mboweni said the situation at the cash-strapped carrier was improving, but that further state aid would be required. “In the past year‚ almost all of ...

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