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South African Airways administrators gets 1.3 billion rand from government

01/27/2021 | 07:59am EST
South African Airways (SAA) plane taxis after landing at O.R. Tambo International Airport in Johannesburg

JOHANNESBURG (Reuters) - Administrators at national airline South African Airways (SAA) received 1.3 billion rand ($85.36 million) from the Department of Public Enterprises last week, a spokeswoman for the administrators said on Wednesday.

The money would be used to pay accepted and signed voluntary severance packages, employees who accepted a three-month back pay deal, and post-commencement creditors, spokeswoman Louise Brugman said.

($1 = 15.2305 rand)

(Reporting by Alexander Winning; Editing by Mfuneko Toyana)


© Reuters 2021
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