Troubled South African Airways to receive $272 million as it goes into business rescue

Photos: Africa’s top airlines Ethiopian Airlines – Most of Africa’s air travel is conducted by airlines from outside of Africa. However the new initiative launched this year — the Single African Air Transport Market (SAATM) — by the African Union which aims to open up Africa’s skies could pave the way for increased African air travel. Ethiopian Airlines is the country’s state-owned carrier and leading carrier by number passengers. It serves over 120 passenger destinations. It’s one of Africa’s largest airlines and could be set to gain from the initiative. Photos: Africa’s top airlines Kenya Airways – With a fleet of 37, Kenya Airways flies over three million passengers to 64 destinations worldwide every year. It was the first airline in Africa to be successfully privatized and is now a private-public partnership. Photos: Africa’s top airlines South African Airways – The largest African carrier by number of flights, it has a fleet of 52 aircraft serve 43 destinations worldwide. On 1 February 2014, the airline celebrated its 80th Anniversary — making it one of the oldest airlines in the world. Photos: Africa’s top airlines Photos: Africa’s top airlines Photos: Africa’s top airlines Ethiopian Airlines – Most of Africa’s air travel is conducted by airlines from outside of Africa. However the new initiative launched this year — the Single African Air Transport Market (SAATM) — by the African Union which aims to open up Africa’s skies could pave the way for increased African air travel. Ethiopian Airlines is the country’s state-owned carrier and leading carrier by number passengers. It serves over 120 passenger destinations. It’s one of Africa’s largest airlines and could be set to gain from the initiative.

Kenya Airways – With a fleet of 37, Kenya Airways flies over three million passengers to 64 destinations worldwide every year. It was the first airline in Africa to be successfully privatized and is now a private-public partnership.

South African Airways – The largest African carrier by number of flights, it has a fleet of 52 aircraft serve 43 destinations worldwide. On 1 February 2014, the airline celebrated its 80th Anniversary — making it one of the oldest airlines in the world.

(CNN)The South African government has announced that the country’s troubled national airline, South African Airways, will urgently go into "voluntary business rescue."

In a statement released by the country’s Minister of Public Enterprises, Pravin Gordhan, the air carrier will receive 2 billion rand […]

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