Even if there were no global air travel meltdown, SAA would have been difficult to sustain as a business operation.
In buckling to pressure from its leftist allies and announcing it will try to revive the dead duck which is South African Airways, the ANC is ignoring reality, both local and global. SAA’s debts are enormous, although nowhere near the scale of the other bottomless pit state-owned enterprise, Eskom. The only sensible way to pay off some of that debt would be to liquidate the airline and sell its assets.
SAA’s debts are enormous, although nowhere near the scale of the other bottomless pit state-owned enterprise, Eskom. The bitter national reality is that there simply is not the money in the state system to bail out SAA yet again. The golden age of air travel will become just a memory as airlines are forced to hike fares to survive and consumers globally will take years to get over their fear of flying which is, clearly and correctly, seen as the prime vector for the virus.
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