SAA says it is able to meet its financial obligations

SAA says it is asking for help to re-structure its current debt and won’t ask govt for another loan guarantee.

South African Airways plane. Picture: Facebook.

JOHANNESBURG - South African Airways (SAA) says it is able to meet its financial obligations and it's not looking for more money from government.

Yesterday, it emerged the airline had placed a notice in a newspaper asking for R16 billion in financing.

But the airline says it's actually asking for help to re-structure its current debt and won't ask government for another loan guarantee.

SAA's Tlali Tlali says the airline is not about to go bust.

"We're able to meet our financial obligations as and when they become due and payable and that should give a level of comfort to our customers."

And he says there's no reason not to fly on the airline to places like Hong Kong.

"Had we had doubts that we'd not be able to continue to provide service between Johannesburg and Hong Kong, for example, we would have taken the necessary steps."

It's been claimed authorities in Hong Kong have threatened to ground SAA's planes if it doesn't provide proper financial statements.

The airline has failed to submit financial statements for the past two years, with results for 2015/16 held back by Treasury's refusal to grant the loss-making carrier R5 billion in additional guarantees.

The opposition Democratic Alliance on Friday called for a parliamentary meeting to work out how to prevent the airline from missing payments to creditors, but SAA has said it was able to pay its debts.