About: http://data.cimple.eu/news-article/4543305a033cb780b04d944c45357707c6977bae95f5ab8e0acb0452

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	South Africa's main opposition party on Friday said it had filed an urgent court challenge against a $600 million bailout of the troubled flag carrier South African Airways. Creditors of cash-strapped SAA approved a mass restructuring plan last week that would replace it with a new and competitive carrier. At least 2,700 of its roughly 5,000 employees would be laid off in the process. The Democratic Alliance (DA) party said it had "filed an urgent interdict application" at the High Court in Pretoria to "stop the bailout". In a statement, the DA called justification for a rescue plan "unlawful" "Bailing out SAA is an ethically indefensible choice given the poverty and hardship so many are facing in the country" owing to the impact of the coronavirus, it said. Finance Minister Tito Mboweni has until Sunday to file an answering affidavit. SAA is Africa's second-largest airline after Ethiopian Airlines. It has a fleet of more than 50 aircraft serving domestic and international destinations. Like most South African state-owned enterprises, it has failed to make a profit for more than a decade however, and survives on government bailouts. After years of mismanagement and debt, the airline was placed under a state-approved rescue plan in December following a week-long wage strike that drove it to the brink of collapse. Unions that led the protests have accepted the drawn-out restructuring plan despite what they term "shortcomings". sch/sn/wai
schema:headline	S.Africa opposition challenges SAA rescue deal in court
schema:mentions	Democratic Republican Alliance Pretoria South African Airways Ethiopian Airlines Finance minister Bailout Poverty Africa Court South Africa Coronavirus High Court of South Africa Affidavit Tito Mboweni Injunction Flag carrier
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	76 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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