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14-Feb-2020 9:05 AM

SA Express continues normal operations as business rescue commences

SA Express confirmed (13-Feb-2020) it commenced business rescue proceedings, emphasising that "all operations continue as normal". The airline described the manner in which the business rescue process was initiated as "unfortunate", but said the proceedings will provide "the environment to facilitate the conclusion of initiatives that had already been initiated". The carrier stated its board and executive team have made "positive progress to ensure the long term sustainability of the airline" in the last 24 months. Management has restructured operations, reinstated governance structures and implemented the airline's turnaround strategy. [more - original PR]

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