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South African company takes over Mozambique Airlines – Medafrica Times

South African company takes over Mozambique Airlines – Medafrica Times
medafricatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medafricatimes.com Daily Mail and Mail on Sunday newspapers.

South africaSouth africanMateus magalaFly modern arkMozambican minister

Government cedes Mozambique Airlines to international management – Medafrica Times

Government cedes Mozambique Airlines to international management – Medafrica Times
medafricatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medafricatimes.com Daily Mail and Mail on Sunday newspapers.

South africaSouth africanMateus magalaAgostinho vumaConfederation of economic associations mozambiqueMozambique airlinesFly modern arkEconomic associations

Unions want to ask ConCourt to order Parliament debate on saving SA Express

Gallo Images/Grant Duncan-Smith SA Express (SAX) was placed under provisional liquidation in April 2020 after its business rescue process failed. On Thursday the return date to determine if the state-owned regional airline has to be placed in liquidation, was again postponed. Two unions want to get the Constitutional Court to prevent the demise of SAX, while a previous preferred bidder has submitted a revised offer. The National Union of Metalworkers of SA (NUMSA) and the SA Cabin Crew Association (SACCA) intend asking the Constitutional Court to compel the National Assembly to debate whether state-owned regional airline SA Express (SAX) should be permitted to go insolvent.

Minnaar niehausAviwe ntandazo ndyamaraNational union of metalworkersMinisters of public enterprisesSa cabin crew associationNational assemblyConstitutional courtZondo commissionHigh courtNational unionCrew associationPublic enterprisesFly modern arkAcquiring entityஅமைச்சர்கள் ஆஃப் பொது நிறுவனங்கள்ச கேபின் குழுவினர் சங்கம்

SA Express provisional liquidators still waiting for realistic buyer , not opportunistic ones

Gallo Images/Grant Duncan-Smith SA Express has been in provisional liquidation since April last year after its business rescue process failed. A preferred bidder, Fly SAX, was accepted, but that deal seems to have fizzled out. The provisional liquidators deny having received any realistic offer, including from Fly Modern Ark. The provisional liquidators of South African Express (SAX) are still waiting for a realistic buyer of the state-owned regional airline. The liquidators have received several opportunistic claims, none of which have materialised, and no bidder has been able to provide proof of funding, said Aviwe Ntandazo Ndyamara, on behalf of the provisional liquidators, in a statement on Sunday.

South africaSouth africanAviwe ntandazo ndyamaraZondo commissionFly modernSouth african expressFly modern arkModern arkTheunis crousஈ நவீன பேழைநவீன பேழை

Is SA Express worth R1?

MONEYWEB app instead? A new offer has been made to purchase the airline. 00:01 This is Fly Modern Arkâs second bid â in 2020 it offered R100m, with an additional R400m to recapitalise the airline and pay its creditors. Image: Tod Burns Embattled state-owned airline SA Express is only worth R1, according to aviation company Fly Modern Ark. The company, headed by businessman Theunis Crous, has tabled a fresh offer to buy SA Express, which is currently in provisional liquidation. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

Andrew bahlmannAviwe ndyamaraEric levensteinKgathatso tlhakudiInternational air service licensing councilServices licensing councilDepartment of public enterprisesSa revenue servicePublic enterprisesFly modernTheunis crousFly modern arkModern arkAir services licensing councilஆண்ட்ரூ பஹ்ல்மேன்எரிக் லெவன்ஸ்டீன்