South African Airways looks to state for survival
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[JOHANNESBURG] Hapless and helpless, South Africa's struggling national carrier awaits news on a state cash injection which is vital to stay in the skies, but which also shows up its inability to make money.
Eighty years after its creation, loss-making South African Airways (SAA) battles with an ageing fleet and a weak national currency.
"It's not a secret that our balance sheet is very weak," chief financial officer Wolf Meyer admitted.
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