A South African court has ruled that the regional affiliate of struggling South African Airways (SAA), South African Express, has to be placed into ‘business rescue’.
This ruling came after a lawsuit brought forward by a logistics company called “Ziegler SA” which claimed that SA Express is owing it ZAR11.3 million (770,000USD). The company argued that as SA Express has not paid the money yet, as they are virtually bankrupt.
A few days earlier SA Express had complained that its sister company SAA is delaying necessary revenue payments to the airline as the flag-carrier itself is also in a business rescue process.
SA Express has stated that it is going to file an appeal to the court’s ruling, as it says the court “went over and above (of) what it was required and granted orders not sought by the applicant” and finds the ruling unjustified.
The airline was founded in 1994 has operated flights for SAA ever since as its regional partner. SA Express currently operates a fleet of 14 Bombardier CRJ-family aircraft in addition to ten De Havilland Dash 8-400 aircraft on domestic routes as well as to neighboring countries.
Jan-Hendrik is an aviation enthusiast from southern Germany, loves to travel the world and fly on as many aircraft as possible. His first flight was with a Condor 757 to Spain and has been into aviation ever since. He is most interested in aircraft deliveries and passenger experience (PaxEx).