XZ EXY Fleet size 23 Alliance Star Alliance (affiliate) Parent organization South African Airways | EXY EXPRESSWAYS Destinations 19 Founded 24 April 1994 | |
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Secondary hubs Cape Town International Airport Focus cities King Shaka International Airport CEO Inati Ntshanga (1 Sep 2010–) Headquarters Kempton Park, Gauteng, South Africa Hubs O. R. Tambo International Airport, Cape Town International Airport Profiles | ||
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.
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Ownership
The holding company is South African Airline Holdings (Proprietary) Limited, 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Express was loss-making, figures that had been made available were disputed, and the previously published accounts were withdrawn in November 2011 after accounting errors were discovered that dated back several years. Fuller reports are now being published, and available figures (for years ending 31 March) are:
Profitability figures for 2008–09 are not shown above(*), as they are believed to have been restated since the publication of the Annual Report. 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.
Destinations
South African Express serves the following destinations as of February 2016:
Fleet
The South African Express fleet consists of the following aircraft (as of October 2016):
The airline fleet previously included the following aircraft (as of April 2013):