MONEYWEB app instead? 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. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.