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Sun May 19 08:35:56 SAST 2013

How is loss of R25bn progress? iLIVE

Flying high: iLIVE

Robert Nicolai, Howick | 02 October, 2012 00:32
Cheryl Carolus, Marc Lottering and Reuben Riffel

If our national air carrier is "a properly managed, audited and viable business", as Cheryl Carolus claimed upon the directors' resignation last week, why does SAA now need a R1.5-billion government bailout after receiving R1-billion last year?

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If a company's income grows by 18% and it still needs 50% more taxpayer bailout funds, can management be trusted to pay off the "emergency" debt? Would it not be worth considering privatisation - and if SAA gets liquidated, then we use responsibly managed airlines?

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