In a letter sent to the airline’s more than 600 employees on Friday, the liquidators announced the immediate suspension of the contracts
An SA Express aircraft. Picture: GALLO IMAGES/GETTY IMAGES/BRIAN BAHR
SA Express is nearing the end of its 26-year existence and is set to be the first state-owned enterprise to be abandoned by a cash-strapped government that has run out of fiscal room for bailouts. SA Express, one of the state-owned companies decimated during a decade of state capture, was put into business rescue — a form of bankruptcy protection that seeks to rehabilitate a financially distressed company — after one of its creditors had brought a successful court application in February.
SA Express suspended operations in March as the country entered into a national lockdown to contain the coronavirus, which closed the country’s skies.SA Express did put in an application to receive money from the UIF to pay salaries, but only received a partial payment.
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