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The story
On 24 May 2018 the South African Civil Aviation Authority grounded the airline due to "serious safety risks". They reported it could be months before the airline was operational again. Flights resumed on 23 August, following the issuance of airworthiness certificates for a portion of the airline's fleet.
On 13 February 2020, South African Express entered the Business Rescue process, a local form of bankruptcy protection. On 18 March 2020, the airline suspended all operations due to the COVID-19 pandemic. On 28 April 2020, the business rescue practitioners submitted an application to the Pretoria High Court for the liquidation of the airline. The court approved a provisional liquidation, with stakeholders being given until 9 June 2020 to voice objections before a final dissolution of the company.
In November 2020, the moveable assets of the company such as the eight Bombardiers, spare parts and furniture were to be sold via an online auction managed by GoIndustry DoveBid Africa. The non-moveable assets such as the routes, landing rights and existing licences would be sold to FlySax, a consortium consisting of a key investor and ex-SA Express staff.
From Wikipedia’s article on South African Express, shared under CC BY-SA 4.0.4