August 23, 2017 / 11:00 AM / 2 years ago

South African govt won't allow national airline to fail

Passengers board a South African Airways the capital aircraft t the Hosea Kutako International Airport, outside Windhoek in Namibia, February 24, 2017. REUTERS/Siphiwe Sibeko

CAPE TOWN (Reuters) - South Africa’s embattled national airline SAA will not be allowed to “go under”, the deputy finance minister Sfiso Buthelezi told parliament on Wednesday.

South African Airlines has asked Treasury to help fund a 13 billion rand ($981 million) bailout to keep planes flying as government also mulls a private equity partner for the airline.

($1 = 13.24 rand)

Reporting by Wendell Roelf; Editing by Joe Brock

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