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Ethiopian Airlines To Consider Investing In South African Airways

October 07, 2019 / Simple Flying

Debt-ridden South African Airways is in a seemingly hopeless position, with the struggling airline facing industrial action with no clear strategy to turn around its fortunes. The national carrier of South Africa may well be considering the sale of equity in the future, in order to keep the airline afloat. With no such plan in place yet, potential share-holders are waiting for the moment equity-sales take place. Bloomberg has reported that Ethiopian Airlines, Africa’s number one carrier, is weighing up investing in SAA’s future operations.