Seventeen parties have submitted expressions of interest (EOI) regarding the sale of South African Express (XZ, Johannesburg O.R. Tambo ) which is currently in provisional liquidation.
In June, the bankrupt carrier’s joint provisional liquidators (JPL), Tshwane Trust, called for EOIs covering either the sale of the business in its entirety as a going concern, investment as an equity partner, or a buyer for part or all of the airline’s assets.
In addition to four CRJ200ER s, General Electric CF34-3B1 powerplants, spare parts, rotables, tools, and support equipment, the asset group includes SA Express’s various licences (operator’s licence, AOC, AMO, ATNS, ICASA, etc.).
According to a leaked report seen by SA Tourism Update, Liquidity Services/GoIndustry DoveBid, the asset disposal company appointed by Tshwane Trust, compiled the following dossier on the bids that had been submitted: Uprise Aviation, a South African equity crowd-funding platform, has partnered trade unions NUMSA and SACCA and plans to purchase SA Express as a going concern by investing ZAR75 million rand (USD4.25 million) in cash plus ZAR175m (USD9.93 million) in working…
Editorial Comment: Adjusts SIMGROUP’s proposal as per company guidance. – 16.08.2020 – 07:07 UTC
Virgin Galactic (OBT, Las Cruces ) has announced its plan to enter the supersonic passenger jet market, having signed a non-binding Memorandum of Understanding (MOU) with Rolls-Royce to develop an aircraft which seats up to 19 passengers and which can cruise at Mach 3.
The private space travel company said it completed the mission concept review and obtained authorisation from the US Federal Aviation Administration (FAA) to outline its certification framework. It did not reveal any projected timeline for the aircraft’s type certification and entry into service.
The Richard Branson-founded company underlined that it hopes to benefit from Rolls-Royce’s experience as the engine manufacturer for the only certified Western-built supersonic passenger aircraft, the Concorde.
"The Mission Concept Review, which included representatives from NASA , is an important program milestone at which the Virgin Galactic high speed team confirmed that, based on the research and analysis work completed, its design concept can meet the high-level requirements and objectives of the mission," Virgin Galactic said.
The company said that the aircraft will have configurable interiors and…
The Kenya Airports Authority (KAA) has authorised regional carriers operating from Nairobi Wilson to handle their domestic scheduled and charter flights at privately-owned terminals. The move follows the resumption of domestic services in the East African country on July 15.The Standard reports that Airkenya , […]