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South African Express Assets Put Up for Auction
by Filippo Martini July 6 at 2:55
Miami Assets of South African regional carrier SA Express (XZ), previously a South African Airways (SA) partner airline, are being offered for sale through an online auction as the airline face towards liquidation.
The airline was placed in provisional liquidation on 28 April, but a final liquidation order has been deferred until early September. the sale includes XZ’s Bombardier CRJ200 jets.
Go-Dove, the online auction platform that the liquidators decided to use to sell the company assets and aircraft, is seeking expressions of interest for several assets of the airline that, it states, are “immediately available for negotiation”.
The site is advertising the sale of the business in its entirety but it is also inviting offers from purchasers for specific assets as well as investment offers from potential equity partners.
In addition, according to the auction site, the carrier is selling: Bombardier CRJ 200 jets, engines spare parts, GSE, specialized tooling, workshop and support equipment, licenses (Operating, AMO, ATNS, ICASA, etc), IT Infrastructure, and all other intangible assets required to operate an airline in Southern Africa.
"You've got the strongest hand in the world. That's right. Your hand. The hand that marks the ballot. The hand that pulls the voting lever. Use it, will you" John Wayne
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Without government loans or bailouts other airline companies will go under.
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