PARLIAMENT – South African Airways (SAA) CEO Vuyani Jarana and the airline&39;s board did not deliver the national carrier&39;s strategy before Parliament as scheduled on Wednesday after the meeting was cancelled.

SAA had wanted a closed meeting, saying some of the information it wanted to present was commercially-sensitive.

But, members of the opposition objected, citing a lack of transparency.

SAA presentation before Parliament has been cancelled. It was a closed meeting over its financial results and turn around presentation. This is highly irregular. Now after MPs protested it’s been withdrawn. SAA CEO leaving the building @eNCA — Annika Larsen (@AnnikaLarsen1) May 16, 2018

Acting Finance Chair has ordered all MPs to hand over SAA documents. DA refusing and now parliament security being called to grab them back. @eNCA SAA — Annika Larsen (@AnnikaLarsen1) May 16, 2018

Closed meetings in Parliament are unusual.

SAA Board and CEO all walk out/ leave Parliament after its presentation was meant to be closed and MPs objected. Closed meetings in Parliamemt are unusual. pic.twitter.com/HMP1Ihxeop — Annika Larsen (@AnnikaLarsen1) May 16, 2018

However, Treasury later issued a statement saying it will release the confidential SAA financials and turnaround strategy to the public. In April, it emerged SAA needs around R5-billion from government in order to survive.

Treasury has issued this saying it will released confidential SAA financials and turn around strategy to public. The closed presentation was cancelled today and DA refused to give back “commercially sensitive “ documents and asked meeting to be open. SAA was sent home. @eNCA pic.twitter.com/kilNbzySmt — Annika Larsen (@AnnikaLarsen1) May 16, 2018

According to Bloomberg, the financials show the airline reported a net loss of R5.7-billion in the financial year ending March, more than double what SAA had projected.

It comes after fewer people flew with the airline and it made losses as the rand strengthened against the dollar.

The financials also showed SA Express is technically bankrupt.