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RSS FeedsSA Express employees in R250m crowdfunding bid to buy their airline
(WorldNews Africa)

 
 

18 september 2020 21:46:46

 
SA Express employees in R250m crowdfunding bid to buy their airline
(WorldNews Africa)
 


Amid the overnight, worldwide crash of the air travel industry, a group of retrenched SA Express employees have an ambitious plan to raise R250-million in seed funding to buy the cash-strapped airline. Employees have tried to get the airline or the shareholder (the department of public enterprises and the national treasury) to pay salaries, but have been left with no income for the past six months. The airline`s 691 employees last received salaries in February, and the plan to buy SA Express is a last-ditch attempt to save their careers in aviation,...


 
23 viewsCategory: General > Africa
 
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