TUESDAY, 10.30AM
BRITISH Airways, which has confirmed its interest in buying a strategic equity stake in SA Airways, on Monday spelled out its terms for any deal, suggesting that it might be opposed to certain black empowerment groups or unions being shareholders.
BA director Sir Robin Renwick said yesterday BA will not make an offer on SAA if there are South African shareholders who “might affect the running of the airline”. Renwick added that BA would prefer a 51% stake in SAA, rather than the 25% currently on offer by government.