Any solutions to this challenge ?
This is a question about PTC Creo View Express, not a Training question. Please post in the PTC Creo / Visualize community - this way more of the visualization experts among our users will see it! http://communities.ptc.com/community/creo/visualize
Moving this discussion to a more relevant community as Bettina suggested, hopefully one of our knowledgeable PTC Creo / Visualize experts can lend a hand.
Open your file first...then see if you have the option. (there is nothing shown in the graphics screen in your image). I have Creo View 2 M040 and all the Save As options are grayed out if I don't open a file and just open the session of CV2.
Of course, you must first open the desired content. But if you use the express version and want to save the file, then you need to upgrade program (http://www.ptc.com/products/creo/view/express/#5).