SOUTH AFRICAN AIRWAYS: South African Airways Ltd., the continent’s biggest carrier, has asked Airbus SAS and Boeing Co. to bid for orders of 23 wide-body aircraft as it seeks to switch to more fuel-efficient planes. SAA is renewing its fleet in a strategy to return to profitability after a 1.36 billion-rand ($139.5 million) loss for the year ended March 2012. The government gave the Johannesburg-based company a 5 billion-rand debt guarantee in October to ensure it can borrow from financial markets to support a recovery.
Posted on: Fri, 26 Jul 2013 13:11:49 +0000
Trending Topics
Recently Viewed Topics
© 2015