SAA in talks to roll over R9.2bn of debt

South African state-owned airline SAA is in talks with lenders about rolling over R9.2 billion ($652.6 million) of debt due at the end of March, its finance head said on Monday.

“The ideal is to restructure the R9.2 billion for four or five years,” Deon Fredericks told Reuters on the sidelines of a stakeholder briefing. 

Read: SAA to reorganise in turnaround drive