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South African Airways Bailout Plans Emerge From Private Investors

  • Private financiers have submitted proposals for new SAA
  • SAA administrators are seeking multibillion-rand state bailout
An Airbus A320-200 passenger jet, operated by South African Airlines, takes off from O.R. Tambo International Airport in Johannesburg.

An Airbus A320-200 passenger jet, operated by South African Airlines, takes off from O.R. Tambo International Airport in Johannesburg.

Photographer: Waldo Swiegers/Bloomberg
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South Africa has received proposals from private investors and potential airline partners interested in taking part in the restructuring of the national carrier, which has been in bankruptcy protection for six months.