Calls to put SAA under business rescue

SAA is now down to the last R99m it can borrow against government’s guarantee.

FILE: SAA flight takes off as another one is parked in a bay on the tarmac at OR Tambo International airport. Picture: AFP.

JOHANNESBURG - There are calls for South African Airways (SAA) to be placed under business rescue with the airline now down to the last R99 million it can borrow against government's guarantee.

This week a court ordered SAA to pay over R100 million plus interest to Nationwide Airlines for anti-competitive conduct.

The Democratic Alliance's Alf Lees says the company has been running at a loss for years now.

"They keep running at a loss and borrowing more money.

"And now they running out of the money they can borrow. The only way out of this dilemma now is to put the company under business rescue and in the hands of someone who knows what they're doing."