{"id":420285,"date":"2021-06-14T11:24:16","date_gmt":"2021-06-14T05:54:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420285"},"modified":"2021-06-14T13:20:29","modified_gmt":"2021-06-14T07:50:29","slug":"south-africa-agrees-to-privatise-grounded-state-airline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/south-africa-agrees-to-privatise-grounded-state-airline\/","title":{"rendered":"South Africa agrees to privatise grounded state airline"},"content":{"rendered":"<p>South Africa has agreed to sell the federal government&#8217;s majority stake in the cash-strapped national airlines, the South African Airways (SAA), to a consortium that includes a local private equity firm and a jet leasing company, the country&#8217;s public enterprises minister Pravin Gordhan informed on Friday. The SAA, the second-largest airline in the entire continent, was grounded in December last year and had since been a drain on state finances, news agencies reported. <\/p>\n<p>The SAA, despite being one of the largest airlines in Africa &#8212; second only to the Ethiopian Airlines &#8212; had not turned in a profit since 2011. It was placed under a state-approved rescue plan in December 2019 to save it from collapse,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa has agreed to sell the federal government&#8217;s majority stake in the cash-strapped national airlines, the South African Airways (SAA), to a consortium that includes a local private equity firm and a jet leasing company, the country&#8217;s public enterprises minister Pravin Gordhan informed on Friday. The SAA, the second-largest airline in the entire continent, was grounded in December last year and had since been a drain on state finances, news agencies reported. The SAA, despite being one of the largest airlines in Africa &#8212; second only to the Ethiopian Airlines &#8212; had not turned in a profit since 2011. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[184,141,130],"tags":[],"class_list":["post-420285","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-hindustantimes","category-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=420285"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420285\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}