Low-flying SAA crashes into credit ceiling

12 January 2016 - 09:32 By BDlive

SAA is at risk of running out of cash this month following the cancellation of a R250-million credit facility from Citibank last month on which the national airline depended for short-term funding. SAA has both short-term and long-term financing difficulties, with R14-billion in funding required in the medium term to consolidate debt.

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