South African Airways seeks R3 billion capital injection to support plans, will not privatize.

South African Airways (SAA) requires a R3 billion capital injection to support its long-term plans, according to board chair Derek Hanekom, who confirmed the airline will not be privatized. SAA is looking for a strategic equity partner and is in talks with banks for a loan facility to address financial challenges. Currently operating 16 aircraft, the airline aims to expand its fleet to 21 while retaining market share amidst ongoing financial recovery efforts.

5 months ago
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