SAA in line for R4bn boost to continue operating – minister

National airline SAA is expected to get an extra R2 billion boost from government and another R2 billion from existing lenders as it enters business rescue proceedings from December 5 in a bid to prevent a collapse, a minister said on Thursday.

Read: SAA to be placed under voluntary business rescue

SAA lost over R10.4bn in past 2 years – documents

SAA, which has not made a profit since 2011 and is dependent on government bailouts to remain solvent, suffered a crippling strike last month that forced it to cancel hundreds of flights and pushed it to the brink of collapse.