The recently grounded SA Express is a problem child. Either wind it down or parlay it into a larger stake in the better run and profitable SA Airlink.
*** I've deliberately omitted outright aircraft purchases. It's too costly for now, but can be revisited when the airline is stable and profitable.
I deliberately left this for last.
There's no room for trial and error.
The nature of the investment can either be project financing, or straightforward equity injection both inclusive of a management contract. It's a question of balancing risk and reward.
@MotsohiThabang provided a very comprehensive set of conditions to SCOPA in April 2018.
It goes without saying that the CEO must be a turnaround artist, chosen with input from the partner.