The assessment, which was seen by Bloomberg, was prepared by African Aviation Services and dated October 4. 

It was presented to a group of ANC lawmakers yesterday, according to an ANC official who asked not to be identified.

Nick Fadugba, the CEO of African Aviation and the author of the study, wrote in the document that there is inherent value in an existing airline which cannot be easily replicated in a new replacement carrier. 

After a thorough analysis, Fadugba said the firm’s preferred strategic equity partner for SAA is Ethiopian Airlines because it shares a similar pan-African vision to SAA and is Africa’s strongest carrier.

Fadugba wrote that the government should take over SAA’s debt and not encumber a new partner with it.

Moneyweb