South African Express
South African Express Airways SOC Ltd, known as South African Express or simply SA Express, is a state-owned airline based in South Africa that started operations on 24 April 1994. Although the airline is operationally independent of South African Airways, its flights are incorporated within the strategic alliance with South African Airways. The airline has its head office at Airways Park, Jones Road, next to O.R. Tambo International Airport in Kempton Park, Ekurhuleni, Gauteng.[1]
Corporate affairs
Ownership
The holding company is South African Airline Holdings (Proprietary) Limited,[2] which is wholly owned by the Government of South Africa.
Business trends
Over recent years, South African Express was loss-making, figures that had been made available were disputed, and the previously published accounts were withdrawn in November 2011 after accounting errors were discovered that dated back several years.[3] Fuller reports are now being published, and available figures (for years ending 31 March) are:
|
2009 |
2010 |
2011 |
2012 |
2013 |
Turnover (Rm) |
1,857 |
n/a |
1,640 |
2,022 |
2,296 |
Net Profits/Losses after tax (Rm) |
* |
|
−186.9 |
−365.9 |
0.7 |
Number of employees (at year end) |
839 |
n/a |
1,026 |
1,090 |
1,136 |
Number of passengers (m) |
1.5 |
|
1.4 |
1.6 |
1.5 |
Passenger load factor (%) |
67 |
|
64 |
61 |
65 |
Number of aircraft (at year end) |
n/a |
|
|
24 |
24 |
Notes/sources |
[2][4] |
|
[3][5] |
[6] |
[6] |
Profitability figures for 2008–09 are not shown above(*), as they are believed to have been restated since the publication of the Annual Report.[3] Revised figures for 2010–11 are from press reports in April 2013; the financial statements for 2012–13 were audited, but
received a qualified audit opinion. [6]
Destinations
![](../I/m/SA_Express_network_map.svg.png)
Map of the South African Express network
Botswana
Democratic Republic of the Congo
Namibia
South Africa
Zambia
Zimbabwe
Fleet
As of November 2013, the South African Express fleet consists of the following aircraft:[11]
![](../I/m/2011-06-21_15-50-37_South_Africa_-_Crossroads.jpg)
SA Express Bombardier CRJ200ER in 2011
See also
References
External links
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