SA Express grounded for good - Unions blame government, Department of Public Enterprises blames state capture and corruption.
“There were three different attempts by provisional liquidators to attract credible buyers including a crowd funding initiative by employees to buy the airline, but none had the requisite financial resources to sustain the business post the sale.
SA Express has liabilities of more than R900 million – including outstanding salary payments to employees. The department said the airline’s liquidation was a result of many factors – including “years of bad management, state capture, corruption and exacerbated by the impact of the Covid 19 pandemic on the global aviation market”.on SA Express detailed evidence of deep-rooted corruption and fraud at the airline.
“The department urges the law enforcement agencies to speed up the investigations into the allegations of corruption and fraud and bring those responsible for the damage caused to our SOE to book,” the DPE concluded.The Dynamic People’s Union of South Africa said it was “disappointed” that government did not intervene to save the airline.
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