Bloomberg South African Airways is in talks with its existing banks, new lenders and the government. But talking won’t pay off 12.7 billion rand ($842 million) of imminently maturing debt. The stricken state-owned carrier called a media briefing to “give assurances to stakeholders about the airline currently and into the future” following the surprise departure of Chief Executive Officer Vuyani ...

Bloomberg Consumer advocate Ralph Nader said the larger engines mounted to the Boeing 737 Max represented a design flaw and called for the plane to be permanently grounded. The 737 Max “must never fly again,” Nader said. “It’s not a matter of software. It’s a matter of structural design defect: the plane’s engines are too much for the traditional fuselage.” ...

Bloomberg Real-estate developer Group Mach Inc offered to buy tour operator Transat AT with potential support from the Quebec government, topping a friendly proposal by Air Canada that had been criticised by some shareholders. Mach is offering C$14 a share in cash for Montreal-based Transat, C$1 per share more than the Air Canada bid. The unsolicited proposal is worth more ...