Wednesday, October 1, 2008

SAA running at a loss

IOL State-owned airline SA Airways has incurred losses of R13,74-billion over the past few years, with debt standing at R17,7-billion at the end of March 2008, it emerged on Wednesday.

In written reply to a parliamentary question, Public Enterprises Minister Brigitte Mabandla said the state had provided the airline with cash injections totalling R9,194-billion and guaranteed a further R2,860-billion since the 2003/04 financial year.