State-owned regional and domestic airline SA Express said on Thursday that its operations were continuing as normal, despite national carrier South African Airways (SAA) being placed in voluntary business rescue in December…
“Despite a plethora of well-known historical challenges, SA Express states that its board and executive team have made positive progress to ensure the long term sustainability of the airline,” the company said in a statement.
“While the manner in which the introduction of the Business Rescue process occurred is unfortunate, this now provides the environment to facilitate the conclusion of initiatives that had already been initiated by the board and executive team.”
In just under 24 months, the company’s board of directors and executives had “worked tirelessly to rebuild operations and reinstate governance structures while implementing the airline’s robust turnaround strategy”, said the airline.
It said that, at route level, the airline made a positive contribution and was an invaluable strategic national asset whose mandate included economic development and job creation.
“The Business Rescue process is well-coordinated with no disruptions to customers and employees. SA Express’s board of directors and executive committee will continue to protect this national asset by pursuing and laying charges against those embroiled in malfeasance, irregularities and contraventions of the Public Finance Management Act (PFMA).”
Author: ANA Newswire