Provisional liquidators of South African regional carrier SA Express are attempting to find a buyer for the airline, claiming that they are engaging with six or seven parties which have expressed interest in the company.
Their effort follows court approval on 15 June to extend their powers, in order to explore the possibility of attracting investment in the airline.
Final liquidation orders for SA Express which would have simply resulted in the dismantling of the company and disposal of its assets have been postponed until 6 September, giving the provisional liquidators a three-month window to secure a deal.
One of the liquidators, Aviwe Ntandazo Ndyamara, disclosed the situation as he belatedly testified to the parliamentary standing…
Read the full article at: https://www.flightglobal.com/airlines/sa-express-liquidation-on-hold-as-several-potential-investors-emerge/138895.article
