An initial 3 billion rand ($221.20 million) investment commitment should be sufficient to operate a newly re-launched South African Airways (SAA) for 12 to 36 months, the consortium purchasing a majority stake in the airline said on Friday.
A consortium will take a 51% stake in South African Airways and inject 3 billion rand in the struggling airline, public enterprises minister Pravin Gordhan said on Friday.
U.S. President Biden and British Prime Minister Boris Johnson discussed opening a transatlantic travel corridor at their bilateral meeting on Thursday, but no announcement was imminent, British Foreign Secretary Dominic Raab said.
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