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Public financial management practices 'not followed' in R400m SA Express deal
Kutlwano Phatudi testified at the commission on Friday and said she queried payments to Koroneka Trading and Projects, which is a management company that was contracted under SA Express.
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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 hopes to put financial woes behind it soon
Airline spokesperson Madikwe Mabotha says a key focus now is to steer the business towards financial stability.
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SA Express resumes daily flights between CT & Walvis Bay
This forms part of efforts by the carrier’s management to resuscitate operations after flights were grounded in May last year.
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SA Express adopting 'pragmatic approach' to get airline fully operational
It will be reintroducing flights from Cape Town this weekend after routes were put on hold last May following aircraft being grounded.
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SA Express to take to the skies again
The new board worked on a plan to make the ailing carrier financially sustainable again, and flights were grounded in May 2018 over safety concerns.
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SA Express about to fly high as it draws closer to profitability
Since May, the airline is showing positive signs of recovery and will break even by April, according to interim CEO Siza Mzimela.
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Give it away, it won't fly - economist on SAA
SAA was given a further R5 billion in the MTBPS address last week, but that is far short of the more than R20 billion it says it needs as it tries to break even by 2021.
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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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Tito Mboweni announces further bailouts for SOEs
SAA and SAA Express will be getting more cash to keep them in the sky, while the Post Office is also getting a handout to contain its debt.
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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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SAA mulls selling assets amid near crippling debt - report
Reports suggest SAA needs R21.7 billion, this includes a R12.1 billion government bailout.
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Gordhan: Financial reports for SAA, SA Express, Denel won't be tabled on time
The reports were due to be submitted by the end of September – within six months of their financial year ending on 31 March.
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Nene hints at financial assistance for struggling SOEs
Government has already in recent weeks extended guarantees for SA Express and Denel, both of which are in a liquidity crisis.
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SOEs say petrol hikes impacting their cash flow
Eskom, Denel and SA Express all say it will also affect critical turnaround plans they are trying to implement.
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SA Express managers ordered to review all major contracts
The airline is facing major liquidity problems and says it needs a cash injection from government to the tune of over R1 billion.
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SA Express needs at least R1.74bn to keep flying
Acting CEO Siza Mzimela says the airline is gradually re-introducing its routes from Johannesburg, but it will need more to get all its planes flying again.
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[CARTOON] Flight of the SOEs
By Dr Jack & Curtis.
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SA Express to operate limited service after being grounded
Two routes will initially be flown using only nine of the airline's 22 aircraft.
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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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SAA could see group structure changes as govt considers study recommendations
It was announced on Wednesday that oversight for SAA has been transferred back from the Finance Ministry to that of Public Enterprises, now under the leadership of Pravin Gordhan.
