Picking up the pieces: As part of its efforts to rebuild its image, South African Airways (SAA) has picked up the pace of processing refunds.
Beleaguered national airline South African Airways (SAA) has launched its revamped website, featuring flights to destinations across the globe – at sky-high prices.
The carrier is now the second largest in Africa, based on the number of routes it operates.
The Fly SAX group, which consists of SA Express employees, have submitted a successful R50 million offer to purchase the airline.
On 28 April, the SA Express was placed under provisional liquidation by virtue of an order of the South Gauteng High Court.
The doomed airline will have until June to pull a rabbit out the hat, but it would appear that its fate is sealed, along with some 690 employees.
The airline has been unable to pay its staff since February, and business rescue practitioners couldn’t salvage the company from insolvency.
Initial proposals to ground the airline, as a result of its poor financial position, have been made final due to the coronavirus.
It’s deja vu all over again, isn’t it? SA Express has followed the flight path of SAA, and the courts have decided to put the airline under business rescue.
Gordhan explained that the newly appointed interim chief executive and chief financial officers have requested more time to submit their financials to the Auditor-General of SA’s office.
Following months of negotiations, ACSA has finally had enough of SA Express’ inability or unwillingness to settle its debt.
State capture enquiry witness Babadi Tlatsana has fled South Africa, apparently out of the fear that her life was in danger.
According to a report compiled b the Free Market Foundation, SA Express has received R300-million in bailout money that was cloaked by the news of Eskom’s umpteenth emergency funding.
A new route for Mthatha.
While still facing the process of liquidation, Gordhan confirmed that the airline will resume its flight services next week.
No wonder the airline was grounded this week…
Been left in the lurch? Here’s what you need to know.
Don’t bother trying to book a flight.
The airline (and government carrier) are pleading for cash to keep their planes in the sky