SA Express has been placed under provisional liquidation following a high court ruling yesterday (April 28).
The airline’s business rescue practitioners, Daniel Terblanche and Phahlani Mkhombo, lodged an application on March 25 asking for provisional liquidation.
The BRPs have said that there is no reasonable prospect for SA Express to be rescued, in an affidavit submitted to court.
According to Daily Maverick, this means the business rescue proceedings of SAX have been discontinued and the court may appoint a liquidator on a provisional basis.
