SA Express employees to bid for airliner

SOUTH AFRICA – SA Express employees are bidding to buy the state-owned airline in an attempt to save jobs and to prevent the carrier’s final liquidation after North Gauteng High Court in Pretoria granted an extension for SA Express’s final liquidation to October 28 this year. A special purpose vehicle created to bid for the airline’s assets would be backed by private investors and Fly SAX, with the employees as the owner. Fly SAX Spokesperson Thabsile Sikhakhane said that employees who have not been paid salaries since February want total…

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