‘BANKRUPTCY PROTECTED’ SA AIRWAYS ACCELERATES JOB CUTS, SCALES BACK ROUTES

Highlights:

• South African Airways to end routes on February 29 amid restructures out of bankruptcy.

South African Airways is among several state entities in the region that are entangled in financial issues after nearly a decade of mismanagement. The SAA hasn't made a profit for the last 9 years now. Also, it has received more than 20 billion South African Rand (USD 1.35....