South African Airways "exits" bankruptcy after 17 months of insolvency and billions of Rand bailouts, claiming to once again be a going concern even though they have let go 80 percent of their employees, pilots have not flown in ages, they can't make payments for airport fees and only have a handful of inefficient , aging aircraft left on hand.
This state owned patronage machine is still led by a board and leadership that flew the company into the ground in the first place.
PROGNOSIS: Extremely poor
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