Pilots’ association welcomes govt’s commitment to obtain funding for SAA
Government outlined the pledge in a letter signed by Public Enterprises Minister Pravin Gordhan and Finance Minister Tito Mboweni on Wednesday.
The Saapa said with this funding, the hard work of restoring the national carrier to profitable and sustainable operations could begin.
It said the investment of taxpayer funds in this particularly difficult economic environment was not a sacrifice it took lightly.
More than R10 billion would be needed to fund the contentious business rescue plan, which is aimed at cleaning up and stabilising the balance sheet of SAA.