South African Airways is on course to be saved from collapse through an emergency government loan deal.
The government said it would give the airline 2bn rand ($136m; £104m) and another 2bn rand would come from lenders.
With SAA placed “into business rescue”, the money was intended to lead a radical restructuring of the airline, Public Enterprises Minister Pravin Gordhan said.
The failing airline has not made a profit since 2011 and has lost more than $2bn over the last 13 years.
It was on the brink of collapse last month when staff went on strike over plans to cut a fifth of the workforce.
When a company is in business rescue, an outsider normally takes charge in an attempt to knock it back into shape.
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