South African Airways asked for 10 bln rand injection - Treasury
CAPE TOWN, July 25 (Reuters) - South Africa's troubled state-run airline South African Airways asked the Treasury for a 10 billion rand ($770 million) bail-out in March, Finance Minister Malusi Gigaba said in a written reply to parliamentary questions.
Gigaba did not say if the request for 10 billion rand would be granted. The minister said the request had been made in a one-year corporate plan submitted by the airline.
The airline was provided state funds in July to help it repay loans of about 2.3 billion rand to Standard Chartered (BSE: 580001.BO - news) . ($1 = 12.9843 rand) (Reporting by Wendell Roelf; Writing by Ed Stoddard; Editing by James Macharia)