Gallo Images/Grant Duncan-SmithThe state-owned regional airline went into provisional liquidation two years ago after a business rescue attempt failed.The bidding process for state-owned regional airline SA Express will be re-opened, a member of the provisional liquidation team confirmed on Wednesday.
At the time, the provisional liquidators indicated the amount to be raised was R50 million. The sale by the liquidators of some of the airline's assets raised about R30 million and Fly SAX aimed to raise the remaining amount of about R20 million. "After recurring efforts of revising the offer, we have subsequently resolved this ambiguity with the liquidators. After careful and considerate evaluation, the liquidators have finally allowed us to follow the due procedure," states Fly SAX.
The inquiry also found that officials from the North West government flouted a host of procurement rules in 2015 when they awarded SA Express a five-year, R400 million contract to provide flights and ancillary serves to Mahikeng and Pilanesberg airports.an inquiry by the provisional liquidators of SAX
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