SA Express facing business rescue

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

READ: More funding required for SA Express: executive

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.

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.

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

SA Express has until Monday to oppose the application

Source
eNCA