Government reportedly opts to restructure SAA

South Africa’s government has opted to restructure the national airline, Business Day reported, citing state officials it didn’t identify.

Read: SAA cancels 38 ‘low demand’ domestic and international flights

The option to reorganise South African Airways was favoured over either liquidating the carrier, or closing it and retaining the company’s low-cost airline Mango, the Johannesburg-based newspaper said. The decision will likely mean SAA will require further state funding, it said.

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Source: moneyweb.co.za