South Africa Waives Control of State Airline to Try Save It
- South African Airways to be placed under bankruptcy protection
- Carrier to get $137 million in aid, raise same amount in loans
South African Airways aircraft at O.R. Tambo International airport in Johannesburg, South Africa.
Photographer: Waldo Swiegers/Bloomberg
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South Africa’s government has relinquished control of the loss-making national airline and will give it an additional bailout in a bid to stave off liquidation.