The National Union of Metalworkers of South Africa and the South African Cabin Crew Association claim to have an investor from the United Arab Emirates potentially interested in buying a stake in SA Express.
The regional state-owned airline is currently in provisional liquidation after a business rescue attempt failed. The court date was set for June 9 for any party to come and show why the airline should not be placed in final liquidation. However, due to the possibility of a potential investor, the matter has been postponed until 9 September.
In terms of South African law foreign ownership in domestic airlines is limited to 25%.