SA ExpressBL Premium reports that state-owned airline SA Express has completely run out of cash and is expected to be among the first organisations to apply to the UIF temporary employee relief scheme (Ters) for assistance, under the expedited Covid-19 benefit.  

The airline did not pay salaries for March, which makes it the first state-owned entity to completely run out of cash.  The National Union of Metalworkers of SA (Numsa) and the SA Cabin Crew Association (Sacca) said their members were told on Wednesday that they would not be paid.  SA Express is in business rescue after a creditor brought a successful court application in February.  Unlike SA Airways (SAA), which is also in business rescue and has been provided finance of R5.5bn by the National Treasury, SA Express has not received any assistance to finance the rescue process.  The airline employs almost 700 people.  At SAA, it was announced on Thursday that acting CEO Zuks Ramasia was to take early retirement from mid-April.  SAA has not had a permanent CEO since the resignation of Vuyani Jarana last June.


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