R6bn

CityPress - - Business -

MEGA PROJECTS: Merge SAA, SA Ex­press and Mango; re­place wide-body fleet

CASH-CRUNCH CUL­PRITS: Fuel-in­ef­fi­cient air­craft. Ac­cord­ing to its 2013/14 an­nual re­port, fuel ac­counted for 35% of op­er­at­ing costs at R1.3 bil­lion

FUND­ING OP­TIONS: Fur­ther guar­an­tees

BUR­DEN ON TAX­PAYER: If SAA is un­able to re­pay its loans or bond­hold­ers, tax­pay­ers – through the Trea­sury – will have to carry the can

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