By Alexander Successful
By Alexander Successful
JOHANNESBURG, Nov 29 (Reuters) – One in every of South Africa’s main journey insurance coverage corporations has stopped protecting tickets issued by South African Airways towards insolvency, leaving the destiny of the nation’s struggling state-run airline hanging within the stability.
The choice by Santam’s SNTJ.J Journey Insurance coverage Consultants (TIC) to drop South African Airways prompted Australian journey company Flight Centre Journey Group FLT.AX to cease promoting tickets for the airline.
SAA spokesman Tlali Tlali declined to remark when referred to as by Reuters on Friday and didn’t reply to emailed questions.
Neither Finance Minister Tito Mboweni’s spokeswoman nor Public Enterprises Minister Pravin Gordhan’s spokesman answered their telephones when referred to as by Reuters.
SAA has not made a revenue since 2011 and is scuffling with an unprofitable route community, ageing and inefficient airplanes and a bloated workforce, regardless of bailouts of greater than 20…