Airline CEO says Skywise may sell stake to stay aloft

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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:

Written by: Qama Qukula

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