High Court Places SA Express Under Provisional Liquidation

The High Court has placed SA Express under provisional liquidation.

Business rescue practitioners had filed the application, warning that the state-owned airline had no hope of making it after the state denied post-commencement funding.

RECOVERY MODE

As the global aviation industry battles to survive the economic fallout of the pandemic, FlySafair says that the longer South Africa remains in lockdown, the harder it will be to recover.

The airline said that it was hoping there’d be some financial relief from government, with planes having been grounded for more than a month now.

Kirby Gordon is the head of sales at FlySafair.

He said that even if the lockdown regulations on air travel were eased, it would not bring immediate relief.

EWN