Media reports have begun to speculate that a consortium of investors is willing to “lend” nearly R21 billion to SAA, but for a 51% stake in the entity.
‘Fly Modern Ark and Cerberus Capital Management’ are prepared to advance the loan as it is the amount that SAA needs to remain in the air.
Experts state that conditions must be set before the loan and agreement is entered into. Most importantly, all loans guaranteed by government or taxpayers must be redeemed.
Opinion polls believe it will be the ‘beginning of the end’ for the state owned airline, a once proud South African airline.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
