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

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*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 unprofitable fleets, is seeking a 13 billion rand bailout from government to pay off debts and keep its planes in the air.The Airline also plan to fly 23 percent fewer flights by the end of the year as it retires five a…READ MORE : http://www.africanews.com/2017/09/13/... Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans.Africanews is the first pan-African multilingual media outlet, unique in its concept and vision.Subscribe on our Youtube channel https://www.youtube.com/c/africanews and receive all the latest news from the continent.Africanews is available in English and French.Website : www.africanews.comFacebook : https://www.facebook.com/africanews.c... Twitter : https://twitter.com/africanews


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