Data provided by McGregor BFA
All data is delayed
Loading...
See More

Comair court challenge over SAA bailout

Feb 27 2013 09:24 Sapa

SAA plane

Related Articles

Gigaba must investigate SAA, says DA

Troubled SAA may cut flight routes

Parliament uneasy about SAA

SAA board confident in new CEO

Speculation behind SAA suspension grows

Privatise SAA if turnaround fails: DA

 

Johannesburg - Comair, a franchise partner for British Airways, plans to take the government to court over its continued funding of state carrier South African Airways, the Business Report newspaper said on Wednesday.

The government last year agreed to guarantee R5bn in loans for the troubled national airline over the next two years.

Comair's Chief Executive Erik Venter said the latest bailout and previous payments did not comply with neither the domestic aviation transport policy nor the law, according to the paper.

"Comair's sole objective is to attain a level playing field in the domestic aviation market to ensure that all airlines face the same risks and the same requirements to operate on sound commercial principles," he was quoted as saying.

Venter said Comair was not seeking to stop all financial support of SAA or to shut or privatise the airline, but asking that any assistance be in line with domestic transport policy to minimise impact on other operators. 

Neither Comair nor South Africa's department of public enterprises, which oversees SAA, could immediately be reached for comment.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

saa  |  comair
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
5 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

ANCYL: Not voting would be blasphemy

Not voting in the forthcoming elections would be blasphemy, the ANCYL says in a statement commemorating the 50th anniversary of struggle icon Nelson Mandela's Rivonia trial speech.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...