Today's Big Stories

Airline CEO says Skywise may sell stake to stay aloft

Low cost airline Skywise will consider refinancing measures to overcome financial constraints.

Skywise CEO Tabassum Qadir says four foreign companies and two local investors are interested in a partnership.

Skywise has received numerous expressions of interest from various investors, from which we shortlisted six.

Tabassum Qadir, Skywise co-chairperson and CEO

According to Qadir, the airline needs to restructure its management and operations.

She says that the company will negotiate the stake percentage on offer as law does not allow more than 25% foreign shareholding.

Qadir says that the political and regulatory environment has made the survival of
private budget airlines strenuous.

Listen to the full conversation from The Midday Report:

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Read More
Skywise retrenches workers, takes legal action against ACSA

Skywise retrenches workers, takes legal action against ACSA

Skywise has taken legal action against ACSA (Airports Company SA) while retrenching workers after it was grounded.

Skywise still grounded and management remains hopeful

Skywise still grounded and management remains hopeful

CEO of Skywise says he is working very hard to get airline flying again and that prospects are promising at this stage.

Skywise outstanding debt, sky high

Skywise outstanding debt, sky high

According to Group Executive Corporate Affairs at Acsa, an agreement entered into with Skywise was defaulted, leading to suspension

Skywise Co-Chair Tabassum Qadir opens up about airline’s struggles

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Skywise denies having financial woes after several flights grounded

Several Skywise flights were grounded due to unpaid bills at the weekend but the airline is adamant that there are no money woes.

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