South African Airways Administrators, State in Guarantee Impasse
- Business rescue hinges on 16.4 billion rand escrow payment
- Finance minister has rejected calls for more SAA bailouts
Photographer: Waldo Swiegers/Bloomberg
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The administrators of South African Airways, the state-owned airline that’s in bankruptcy protection, want the government to set aside 16.4 billion rand ($998 million) that it’s guaranteed to pay creditors.