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sa express

How did SA Express use R1.2 billion in bailouts before liquidation?

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Dear MyPE SA Express did not report on key compliance requirements for taxpayer-funded bailouts to the value of R1.2 billion over the last year and the additional R164 million allocated in the medium term. This information was tabled in a report provided to Parliament’s Appropriations Committee this week. As a condition of its bailout, SA Express was required to “report to the Minister of Finance, the Auditor General of South Africa and parliament on the utilization of the R1.2 billion … [Read more...] about How did SA Express use R1.2 billion in bailouts before liquidation?

SA Express Suspended

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The South African Civil Aviation Authority (SACAA) has suspended SA Express’s Air Operator's Certificate (AoC) and the airline’s Aircraft Maintenance Organisation (AMO) approvals. In addition, SACAA has also suspended the Certificates of Airworthiness (CoA) of nine of the 21 aircraft being operated by the airline. “This effectively means that as of today, Thursday, 24 May, SA Express Pty (SOC) can no longer continue to operate as an airline. In order to be able to operate, SA Express … [Read more...] about SA Express Suspended

Many would view this as living for 83 years off of taxpayer money

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South African Airways (SAA), which is one of the oldest airlines in existence, this month celebrates 83 years of air transport services. "This month South African Airways (SAA), which was formed in February 1934, marks 83 years of service to the South African people and to the world," the national carrier said on Sunday. When it was launched, the carrier had only 40 staff members and a handful of aircraft. In its first year of operation, SAA serviced only 3000 passengers. Over the years … [Read more...] about Many would view this as living for 83 years off of taxpayer money