With many airlines closing down in South Africa – and even more struggling to stay afloat – one commercial company has come out of the storm despite experiencing heavy turbulence.
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A new offer has been made to purchase the airline. 00:01
This is Fly Modern Arkâs second bid â in 2020 it offered R100m, with an additional R400m to recapitalise the airline and pay its creditors. Image: Tod Burns
Embattled state-owned airline SA Express is only worth R1, according to aviation company Fly Modern Ark.
The company, headed by businessman Theunis Crous, has tabled a fresh offer to buy SA Express, which is currently in provisional liquidation.
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