South African Airways gets $350m bailout; but there are strings

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By Alex Lennane

14/09/2016

South African Airways has been given another chance after the government bailed it out with a $350m loan. However, the cash does not come without strings: the airline, which has recently had numerous CEOs and management teams, must improve corporate governance and cut costs, which will entail stopping loss-making routes.

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South African Airways Africa - land of promise Air Cargo Africa 2017 Atlas Air IATA Kenya Airways Saudia TIACA Worldwide Flight Services

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