Business rescue threat for SA Express

File: SA Express is facing a court application for it to be placed under business rescue.

File: SA Express is facing a court application for it to be placed under business rescue.

eNCA

JOHANNESBURG - Stated-owned airline SA Express is facing an urgent court application for it to be placed under business rescue.

Court papers filed by a previous service provider Ziegler and seen by eNCA show that SA Express owes the freight transport company R11.3-million.

READ: More funding required for SA Express: executive

SA Express, like its sister company SAA, has failed to provide its financials to Parliament for the last two years.

Ziegler says it made numerous attempts to get the airline to pay its debt.

READ: SAA future in limbo as more funds are needed to pay salaries

The company now believes the only option left is for SA Express to go into business rescue.

Despite attempts to reach out, SA Express is yet to comment on the matter.

The airline has until Monday to oppose the application.

Source
eNCA