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:

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

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

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

Tabassum Qadir, Co-Chair of Skywise, spoke to Stephen Grootes about the airline’s financial struggles.

Skywise CEO determined to find capital injection after flights grounded by Acsa

Skywise CEO determined to find capital injection after flights grounded by Acsa

Low-cost airline Skywise has suspended all its flights because of a pay dispute with the Airports Company South Africa (Acsa).

Skywise denies having financial woes after several flights grounded

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.

Popular articles
Sassa cards will be functional beyond expiry date

Sassa cards will be functional beyond expiry date

Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Bylaws, times you may use fireworks

Bylaws, times you may use fireworks

City of Johannesburg has urged residents to respect by-laws and the times set for fireworks to be used.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?