Pravin Gordhan says bailouts to SAA cannot continue

Pravin Gordhan says bailouts to SAA cannot continue

- The SAA has received another bailout, thanks to the Finance Minister's decision to authorise billions to go to the airline

- However, Pravin Gordhan says this cannot continue, the airline can't always receive such bailouts

- The airline has accumulated debt of about R14 billion

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SA's Public Enterprises Minister, Pravin Gordhan, has stated that there is no way that the South African Airways can always be receiving bailouts.

He feels the airline must do something to save itself or it will fail.

Gordhan said that the South African public is tired and losing patience with the SAA.

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This comes just after Finance Minister Tito Mboweni called for the closing of the airline. Despite this, the airline was given another bailout in the form many billions.

Gordhan also advised that the airline start doing things differently, like partner up with other airlines. He also said they must 'clean out the dirt'.

Currently, the airline is about R14 billion deep in debt and hasn't shown any profit in years.

Briefly gathered that the last time the airline showed profit was back in 2011.

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Source: Briefly.co.za

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