#293 A Pilot Explains: SAA's Salaries Are Late Again
South African Airways has told its staff that October salaries will be late for the second month in a row, Parliament wants an answer from the Transport Minister by Friday 30 October, and Treasury has disclosed a R1 billion guarantee for the airline's working capital. A normal business that runs short of cash tightens its belt. An airline that runs short of cash usually stops flying.
In this short solo episode I explain why that is. Almost everything an airline spends is paid before the passenger boards, to companies that do not extend credit for long: fuel suppliers, the airport company, air…
The skinny
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