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Bloomberg
South African Airways creditors and unions approved a rescue plan that includes at least $1.6 billion in state funding and thousands of job losses.
Voters representing about 86% of those eligible supported the package, first proposed by administrators for the bankrupt carrier a month ago.
The motion overcame the 75% threshold after most labor groups agreed to
sweetened severance packages last week, clearing the way for the workforce to be cut by almost 80% to 1,000 people.