South Africa's treasury plans $760 mln bailout for state airline

South Africa's treasury plans $760 mln bailout for state airline
Passengers board a South African Airways Boeing 737 aircraft at the Kamuzu International Airport in Lilongwe
CAPE TOWN (Reuters) - South Africa plans to table a special appropriation bill to parliament in the next month to request a 10 billion rand ($762 million) bailout for the struggling state airline, treasury's top official said on Wednesday.

South African Airways, which runs one of Africa's biggest fleets but is loss-making, is seeking a 13 billion rand bailout from government to pay off debts and keep its planes in the air.

($1 = 13.1200 rand)

(Reporting by Wendell Roelf; Editing by Joe Brock)

2017-09-13 14:13:02

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