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A new offer has been made to purchase the airline.
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This is Fly Modern Ark’s second bid – 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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Andrew Bahlmann , Aviwe Ndyamara , Eric Levenstein , Kgathatso Tlhakudi , International Air Service Licensing Council , Services Licensing Council , Department Of Public Enterprises , Sa Revenue Service , Public Enterprises , Fly Modern , Theunis Crous , Fly Modern Ark , Modern Ark , Air Services Licensing Council , ஆண்ட்ரூ பஹ்ல்மேன் , எரிக் லெவன்ஸ்டீன் , சர்வதேச அேக சேவை உரிமம் சபை , சேவைகள் உரிமம் சபை , துறை ஆஃப் பொது நிறுவனங்கள் , ச வருவாய் சேவை , பொது நிறுவனங்கள் , ஈ நவீன பேழை , நவீன பேழை , அேக சேவைகள் உரிமம் சபை ,