In another blow for South African Airways, regional airline SA Express is calling on the national carrier to settle its debt with them.
In a statement on Wednesday, SA Express said that SAA had failed to pay revenues owed to them over the past two months. The primary reason for non-payment, according to the airline, was SAA’s business rescue status. “The SA Express board and executive management have been working with the SAA Business Rescue Practitioner (BRP) over the last two months to resolve this matter with no imminent way forward,” it said.
However, they are hoping to finally receive crucial funds following yesterday’s announcement of a R3.5bn loan by the Development Bank of Southern Africa.
Additionally, according to SA Express, and in line with legal opinion, the terms of its commercial agreement with SAA are clear.
The revenue it claims is in SAA’s possession should be paid over to SA Express without delay.
