South African Airways has seen an increase in interest from banks regarding potential lending opportunities due to positive changes in its financial performance, according to interim CEO John Lamola.
The airline is aiming to finance its ambitious growth strategy, which involves doubling its fleet to 43 aircraft within the next five years.
However, the airline is facing difficulties in obtaining government funding as the South African government is currently limiting bailouts to state-owned enterprises in order to stabilize national debt levels.
As a result, South African Airways is exploring alternative funding sources to support its expansion plans.