FINANCIAL STATEMENTS
SA Express rescue plan fails as losses widen significantly
22 November 2019 - 05:10
Losses at another state-owned airline, SA Express, widened significantly over the past financial year despite the efforts of a new board and management to turn the airline around.
Like SAA, SA Express has not tabled financial statements in parliament for the past two years. But the 2018/2019 annual report, which Business Day has seen, shows that the company recorded a loss of R591m, more than three times the previous year’s R162m loss...
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