Sa express financial woes
SA Express hopeful for R200m bailout from Treasury
Acsa lifted its three-day suspension of the airline on Friday after it made a partial payment on its R71 million debt.
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Second airline forced to suspend flights to Mthatha
The decision was taken due to the airport's sub-standard rescue and firefighting response times, as well as a lack of aerodrome emergency management systems.
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SA Express says making its way to commercial sustainability
The SOE has been struggling with major financial issues resulting in numerous governmental bailouts over the past couple of years.
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‘SA Express quietly bleeding away’
The embattled airline has said it needs a bailout of least R1.74 billion to keep its aircraft flying.
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Gordhan: Challenges still exist as SA Express set to resume operations
Minister of Public Enterprises Pravin Gordhan has told Parliament that all the processes required to get the airline flying again are being finalised.
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SA Express may not pay staff June salaries
Fedusa says it will appeal to Public Enterprises Minister Pravin Gordhan to provide emergency funding.
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Mokholo: Report on R2.4bn SA Express fuel deal will determine if case is opened
Speaking exclusively to Eyewitness News on this issue, SA Express CEO Matsietsi Mokholo said there was pure disregard for internal processes when this deal was signed.
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SA Express CEO admits airline also dealing with staff shortages
Acting CEO Matsietsi Mokholo says SA Express has been dealing with several growing and simmering challenges, including financial constraints, leadership stability and governance issues.
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SA Express won’t fly without financial support from govt, CEO says
Speaking exclusively to Eyewitness News on some of these issues, Mokholo highlighted serious financial challenges that the company is facing.
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[WATCH] The state of SA Express: Acting CEO reacts
Acting CEO of SA Express Matsietsi Mokholo spoke candidly about the state of the airline which was grounded for 30 days.
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[EXCLUSIVE] SA Express admits policies disregarded in R2.4bn fuel tender
The Civil Aviation Authority suspended the airline's operating permits following an audit which uncovered severe cases of non-compliance.
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Reports: Pretoria music promoter awarded SA Express fuel deal worth R2.4bn
The airline, however, already has a 10-year contract to receive Jet Fuel from South African Airways (SAA).
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CAA: It will take months before SA Express can fly again
The Civil Aviation Authority's director Poppy Khoza says flights will remain grounded until there's a guarantee on safety.
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Gordhan: SA Express grounding a consequence of state capture
Public Enterprises Minister Pravin Gordhan revealed on Thursday the embattled carrier paid over R5.7 million to the Gupta-linked Trillian capital without following due process.
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Pravin Gordhan: Govt has begun process to recapture SOEs
The Public Enterprises Minister says SA Express being grounded is one of the consequences of corruption and the government is working to root it out.
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SA Express involved with dodgy deals with Trillian, Gordhan reveals
Public Enterprises Minister Pravin Gordhan revealed on Thursday that the airline paid R5.7 million to Trillian Capital without following proper processes.
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SA Express no longer sustainable - CFO
The airline is technically bankrupt and it’s affecting its ability to keep aircraft in the sky and pay for much-needed repairs.
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Board ‘acting decisively’ to deal with SA Express problems
Government’s plans to amalgamate the airline with SAA and Mango have created uncertainty in the approach it should take in turning around the airline.
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DA seeks answers over SA Express payments to Trillian, Regiments
SA Express paid Trillian Capital Partners R5.7 million in 2016 for a funding plan and balance sheet optimisation.
