SAA rescue plan to cost the state more than R10 billion

A view of SAA airplanes at Cape Town International Airport on February 18, 2020.
A view of SAA airplanes at Cape Town International Airport on February 18, 2020.
Gallo Images/Jacques Stander

The long-awaited business rescue plan for South African Airways has been published. 

Under the terms of the plan, government will have to raise more than R10 billion, which covers creditors who have funded the airline since it went into business rescue in December, as well as employee severance packages.

Affected parties will vote on the plan at a date that still has to be set. 

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