UPDATE 1-S.Africa’s struggling carrier SAA to cut flights to ease cash flow
Cash-strapped state carrier
South African Airways (SAA) said on Thursday it would “cancel
and consolidate selected flights” to lower costs, days after it
received a 3.5 billion rand ($244 million) government bailout to
ease a mounting cash-flow crunch.
South African Airways (SAA) said on Thursday it would “cancel
and consolidate selected flights” to lower costs, days after it
received a 3.5 billion rand ($244 million) government bailout to
ease a mounting cash-flow crunch.
Posted by Reuters
