South African Airways has failed to reach an agreement for more government funding, threatening to send the airline into total collapse. The flag carrier of South Africa has detailed a plan to lay-off all of its 4700-strong workforce. According to Bloomberg, the state-owned airline will seek to offer severance deals to their staff members. In an internal airline statement, seen by Reuters, South African Airways said that employees’ contracts would be terminated on April 30th. “It is unlikely that the … Continue reading South African Airways Nears Collapse, Plan to Lay-Off All Staff