Browsing: Airline in Africa

SA Express Plane Zim Live

South African aviation industry, which is also one of the regions largest carrier is facing challenging setbacks, including the current state of the SA Express—which is state-owned, which just slid from a liquidation process, as a judge granted its three-month delay, pending anticipated government intervention, according to information Reuters.

Saved by the possibility of an investor

After several rescue attempts, June 9 was the set court date—hence, due to the possibility of a potential investor—which the National Union of Metalworkers of South Africa and the South African Cabin Crew Association (SACCA) claim to have an investor from the United Arab Emirates potentially interested in buying a stake in SA Express, the issue has been postponed until September 9, according to information from News24.

According to the laws of South African regarding foreign ownership in domestic airlines, the “potential” investor is limited to 25 per cent. Hence—as the unions did not …