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    1.0.32

    South African Airways Cancels Flights

    Eunniah
    By Eunniah Mbabazi
    - January 21, 2020
    - January 21, 2020
    African Wall StreetAviation
    South African Airways Cancels Flights

    South African Airways (SAA) has cancelled a number of their domestic and international flights, as the carrier struggles to remain in business.

    In a statement the debt-laden national carrier said the decision was part of what it sees as a strategy to conserve cash and optimise its position ahead of further capital investment.

    The Kenyan Wallstreet
    Flights cancelled by South African Airways, image courtsey of Southafrican.com

    The national carrier, which was placed in bankruptcy protection last month, is waiting for the government to fulfil a pledge to provide it with a $139 million financial muscle that will enable it to keep flying. 

    See Also:

    SAA to Sell Nine Airbus Aircrafts

    SAA Yet to Receive Funding from Government

    The Kenyan Wall Street

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