SA Express business rescue practitioners have been asking the Department of Public Enterprises for funds to pay salaries beyond February 2020 as the airline is bankrupt. Tito Mboweni allocated R200-million to the airline for 2020/21 in his Budget - money that is yet to be transferred into the airline's bank account.
SA Express, the struggling state-owned airline that is in the throes of business rescue, is in a dire financial position as efforts by the rescue practitioners to seek funding from the Department of Public Enterprises to pay employee salaries have stalled.
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