UPDATE 1-South African Airways requests urgent state funding as it appoints interim CEO
South African Airways (SAA)
appointed its head of operations as acting chief executive on
Friday and said it needs 4 billion rand ($265 million) from the
government to survive the current financial year and allow it to
renegotiate loan terms with banks.
appointed its head of operations as acting chief executive on
Friday and said it needs 4 billion rand ($265 million) from the
government to survive the current financial year and allow it to
renegotiate loan terms with banks.
Posted in: http://feeds.reuters.com/reuters/UKBankingFinancial