# Government has provided a loan guarantee of up to one-billion-rand to SA Airways to help fund its day-to-day operations in the face of rising fuel prices. Treasury director-general Duncan Pieterse says it is not an allocation, meaning government guarantees to pay back loans of up to one-billion-rand should the airline default. He adds government is working with SAA to acquire a long-term strategic equity partner to mitigate against any further bailouts. Aviation expert Guy Leitch warns the guarantee is a sign the airline is far from being profitable.
Government guarantees R1-billion loan to SAA amid rising fuel prices