SA Express makes a play to hold on to a life of its own
The interim CE of SA Express, Siza Mzimela, says that the company will break even by April and will not require further state support. Mzimela made the case for the continued existence of the troubled airline, the future of which is in doubt as cabinet mulls a plan to restructure the state-owned airline business. Among the issues that need to be decided on is whether SA Express should become a subsidiary of SAA, whether it should be collapsed into SAA or whether it should be shut down entirely. The company has delivered large losses over the past few years and was grounded by the SA Civil Aviation Authority in May. Key to the success of SA Express as a stand-alone enterprise is whether the national treasury, which gave it a ZAR1.24b bailout in October, will be flexible on the conditions of the bailout. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-12-04/unaligned/sa-express-makes-a-play-to-hold-on-to-a-life-of-its-own
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SA Express makes a play to hold on to a life of its own
The interim CE of SA Express, Siza Mzimela, says that the company will break even by April and will not require further state support. Mzimela made the case for the continued existence of the troubled airline, the future of which is in doubt as cabinet mulls a plan to restructure the state-owned airline business. Among the issues that need to be decided on is whether SA Express should become a subsidiary of SAA, whether it should be collapsed into SAA or whether it should be shut down entirely. The company has delivered large losses over the past few years and was grounded by the SA Civil Aviation Authority in May. Key to the success of SA Express as a stand-alone enterprise is whether the national treasury, which gave it a ZAR1.24b bailout in October, will be flexible on the conditions of the bailout. <br/>
