SA Express airplanes to be auctioned – but most probably won’t fly ever again
- Eight airplanes owned by the state-owned airline SA Express will be auctioned next month.
- But they are not airworthy, with some even being scrapped by the South African Civil Aviation Authority.
- SA Express’ likely new owner only wants its routes and landing rights – not the planes.
- For more articles go to www.BusinessInsider.co.za.
Eight airplanes owned by state-owned regional airline SA Express will be auctioned next month – but most probably will not fly again.
SA Express was placed under provisional liquidation in April this year, after its business rescue process failed.
A group called FlySax, which includes some of the airline’s former employees, was selected as the preferred bidder.
But FlySax doesn’t plan to purchase any of the movable assets of SA Express, only the company itself - which includes routes, landing rights and certain regulatory licences that have not lapsed, says the American-owned consultancy and corporate disposal group GoIndustry DoveBid Africa in a statement.
It will manage the SA Express auction on 18 November.
The online auction will include assets such as eight Bombardier CRJ200 jet aircrafts, which are not in an airworthy condition, with some even being scrapped by the South African Civil Aviation Authority.
Also included are jet engines, auxiliary power units, rotables and spares for the aircraft – including airplane tyres.
But some potential buyers won’t be able to view the assets before putting in a bid.
Because the assets are mostly located at Johannesburg O.R. Tambo airport, which is a restricted national key point, interested parties who do not have the necessary permits won’t be able to view the assets, says GoIndustry DoveBid Africa.
“(They) will have to make a purchase based on our comprehensive descriptions and photos provided. This is an unavoidable circumstance.
The non-aviation assets such as office furniture will be auctioned later.
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