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Is SA Express still under liquidation?

The struggling state-owned airline is currently under liquidation, but the department has identified a buyer who’s in the process of taking ownership of the airline’s assets. SA Express was placed under business rescue in February and the COVID-19 lockdown on 26 March resulted in the grounding of its fleet.

Is Fly-SAX buying SA Express?

CAPE TOWN - A South African consortium called Fly-SAX is buying SA Express for R50 million, Parliament has been told on Wednesday. The consortium has already paid R24.7 million of the purchase price. SA Express has been in provisional liquidation since April 2020.

How much does SA Express owe the SA Revenue Service?

Ndyamara said SA Express’s creditors were owed a total of R980 million. It owes the SA Revenue Service R150 million and about R183 million to workers. This is made up of R81 million in severance packages, leave pay of R43 million and R59 million in outstanding salaries.

Is Fly-SAX a Kenyan or South African airline?

Editor's Note: Eyewitness News initially reported that Fly-SAX is a Kenya charger airline. It is, in fact, a South African consortium. We apologise for the error, which has since been amended in the story below.

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