Court extends SA Express provisional liquidation

File: Embattled state-owned airline SA Express was placed under business rescue after a service provider failed to receive payments.

File: Embattled state-owned airline SA Express was placed under business rescue after a service provider failed to receive payments.

eNCA

JOHANNESBURG - SA Express will remain in provisional liquidation until the end of January next year.

The High Court in Pretoria granted an extension after the liquidators asked for more time to conclude the sale of assets at the airline.

Judgment on the final liquidation order has been postponed twice before to buy the liquidators more time to conclude the sale of the airline.

READ: Court to decide on SA express liquidation

The liquidators are trying to avoid a final liquidation order as this would mean the loss of airworthiness licenses.

Last month saw a group led by SA Express workers taking control of the airline and bidding to buy parts of the business for R50-million.

The group hopes to purchase SA Express’s flight routes, landing rights, and aviation-related licenses, where most of the airline's value lies.

Source
eNCA