SA Express challenges creditor’s bid to place it in business rescue

The government’s second state-owned airline SA Express says it will oppose an application to have it placed in business rescue, because the unpaid contract based on which the application is being made was irregularly obtained.

SA Express, which services several smaller regional routes as a feeder to SAA, owes global logistics firm Ziegler R11m and applied on Friday for an urgent hearing to be held on January 28.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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Fonte: eNCA - 🏆 49. / 51 Leggi di più »