SA Ex­press re­prieve

Weekend Post (South Africa) - - NEWS -

THE threat of state-owned air­line SA Ex­press be­ing liq­ui­dated has been re­moved as the com­plainant has with­drawn its ap­pli­ca­tion for liq­ui­da­tion.

In­stead, SA Ex­press and So­lenta Avi­a­tion have agreed to deal with their dis­pute by means of ar­bi­tra­tion.

So­lenta brought the ap­pli­ca­tion in the Gaut­eng High Court in June, with SA Ex­press giv­ing no­tice it would op­pose it. The ap­pli­ca­tion arose from non- pay­ment of monies al­legedly owed to So­lenta.

In a state­ment yes­ter­day‚ SA Ex­press said it had al­ways main­tained that the mat­ter was one of con­trac­tual dis­pute.

“It is en­cour­ag­ing that both par­ties could reach con­sen­sus on the process to be ap­plied in han­dling this‚” SA Ex­press CEO Vic­tor Xaba said. – Linda En­sor

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.