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|Event:||NW Planning aCommittee|
|Date:||09 May 2012|
|Description:||Department: Water Affairs|
|Contact Details:||Annette Jordaan 012 424 3300 firstname.lastname@example.org|
|SA Express Bailout Signs Of Merger ?
Financially troubled SA Express has obtained a bail-out of R539m from government. The news has strengthened arguments for the immediate integration of SA Express with sister airlines, Mango and SAA, after SAX released its results, reporting a massive R187m loss in the 2011 financial year. A merger would allow the airlines to collapse their assets into a single holding company.
|Department of Perfomance Monitoring and Evaluation
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