South Africa Airways requires $540m to fund operations

South Africa Airways requires $540m to fund operations

South African state-owned airline will need R7.5 billion ($540 million) from next month to fund day-to-day operations, a presentation by the airline showed on Tuesday.

The presentation also showed that banks were not willing to negotiate over a R3.5 billion loan to South African Airways unless it received additional commitments from the government.

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