Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

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

EasyJet first half improves

2013-05-15 09:42

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

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

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