Atlantic City
http://admin.travelmole.com/images/stories/2009/images/South_African_Airways.jpg

Published on Tuesday, January 21, 2020

South African Airways cancels more flights but denies it is on brink of collapse






South African Airways is believed to have cancelled at least another 12 flights today, including one from Munich, as its financial crisis deepens.


Airline spokesman Tlali Tlali said the airline had grounded a few flights, adding that a statement will be issued later today.


The airline is running out of money following the South African government failed to provide a promised R2 billion (about £106 million) of emergency funding when the airline entered bankruptcy protection in December. 


South African media claims theTreasury has refused to provide the funds without guarantees. The airline has lost R30bn (£1.6 billion) over the past 13 years.


Despite the cancellations, the airline said it 'wishes to assure its customers and stakeholders that flights to all its destinations continue as normal'.


SAA operates only one flight to London, between Heathrow and Johannesburg.

Story Image



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story


NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Do you think there will be any significant long haul business before 2021 ?
YES 39.12 %
NO 60.88 %

Thank you for your vote



What is GoodtoGo?

Submit your news
or special offer


Current UK Special Edition



Current US Special Edition



Current Asia/Pacific Special Edition



LATEST 'MOLE VIDEOS

Longwoods Research points to a problem for the tourism comeback

Atlantic City Tourism Stakeholders detail next steps

New cruise business launches amid travel and tourism crisis

Air Mauritius will fly again. The MTPA details its plans to welcome back European visitors

UPCOMING EVENTS
\m