SA Express Under Provisional Liquidation


According to eNCA, the Johannesburg High Court has placed SA Express under provisional liquidation. 

This is not a final liquidation; it means that those affected by the liquidation will still have the opportunity to give reasons why the state-owned airline should not be liquidated. These will be taken into consideration before a final order is made by the court.

The airline was placed under business rescue in February but rescue practitioners have reportedly failed to secure government funding.

Further reports say the airline could not pay their employees for March and most of April.

Contributors to the SA Express case have until 9 June to make their final submissions to the high court. 

In the meantime a liquidator will be appointed.