INFOGRAPHIC: The struggles of SAA

File: SAA was placed under a state-approved rescue plan to avoid the embattled airline's collapse following a costly week-long strike last month.

File: SAA was placed under a state-approved rescue plan to avoid the embattled airline's collapse following a costly week-long strike last month.

Flickr/Mark Harkin

JOHANNESBURG - South African Airways was placed under a state-approved rescue plan to avoid the embattled airline's collapse following a costly week-long strike last month.

"The Board of SAA has adopted a resolution to place the company into business rescue," said a statement by Public Enterprises Minister Pravin Gordhan, adding that the decision was also supported by the government.

"It must be clear that this is not a bailout," said Gordhan. "This is the provision of financial assistance in order to facilitate a radical restructure of the airline."

READ: SAA directors unanimous in business rescue decision

SAA, which has not made a profit since 2011 and is dependent on government bailouts to remain solvent, suffered a crippling strike last month that forced the carrier to cancel hundreds of flights and pushed it to the brink of collapse.

Here is a brief history of the airline and details about its operations.

- Additional reporting AFP

Source
Reuters