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SOUTH AFRICAN AIR WAYS(SAA) SHUTS DOWN.

There are indications that South African Airways have reached the end of the road over a bail out denail, $1.4bilion losses. The SAA is at the verge of liquidation following the rejection of another bailout request.
South African Airways will be replaced by a new "financially viable and competitive" airline, potentially with both public and private owners, the country's Department of Public Enterprises said in a statement on Friday

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