Ethiopian Airlines In Rescue Talks With South African Airways

Ethiopian Airlines is in talks over possible involvement in the rescue of flagship carrier South African Airways (SAA), the head of the airline told Reuters on Friday, Reuters reported. SAA hasn’t made a profit since 2011 and has been under a form of bankruptcy protection since late last year. Creditors have approved a restructuring plan, but the government needs to find at least 10 billion rand ($580 million) of funding for it to work. “Some discussion is taking place between ET and South African Public Enterprises Ministry,” Tewolde Gebremariam said, “but it is at a very initial level and part of a general overview of pan-African cooperation in the aviation world between ET and SAA.” ET is Ethiopian Airlines’ International Air Transport Association (IATA) code. Officials have said they have received unsolicited interest in SAA but have revealed few details about that interest. Read more