Airline CEO says Skywise may sell stake to stay aloft

Today's Big Stories

Comments

Airline CEO says Skywise may sell stake to stay aloft

26 April 2016 1:16 PM

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:

This article first appeared on 702 : Airline CEO says Skywise may sell stake to stay aloft

Written by: Qama Qukula

Skywise retrenches workers, takes legal action against ACSA

24 December 2015 8:29 AM

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

Skywise still grounded and management remains hopeful

10 December 2015 4:11 PM

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

3 December 2015 8:22 AM

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

2 December 2015 7:01 PM

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

2 December 2015 12:54 PM

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

14 October 2015 7:39 AM

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

Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

13 July 2018 10:08 AM

Nene asked unions representing Eskom workers to provide ideas to fund wage increases after negotiations with Eskom deadlocked.

[WATCH] Man finds it hard to open his Zam-Buk & pleads for an easier opening tin

13 July 2018 9:12 AM

Tourists wake up at the crack of dawn to bag the best sunbed and one man even suffers a broken toe in the melee.

How Steinhoff shares doubled in just five days

13 July 2018 8:38 AM

Founder of Herenya Capital Advisors, Petri Redelinghuys, explains how the embattled Steinhoff managed to double its share price in 5 days

Parents no longer have to travel with children's birth certificates

12 July 2018 2:54 PM

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

Woolworths explains reasons for rice mix recall

12 July 2018 8:14 AM

The retailer announced it is recalling its rice mix product for fear of contamination with the Listeria bacteria.

Home Affairs set to undergo an upgrade in move to paperless system

11 July 2018 3:19 PM

A new live capture system will cover birth, marriage and death registrations.

Criminals targeting homes with aluminium windows, warns neighborhood watch

12 July 2016 7:28 AM

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.

TheEusebius McKaiserShow