Comair nosedive was written on the wall iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
As Kulula operator is set for liquidation, state-owned carrier Mango gets lifeline businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.
The National Union of Metalworkers of South Africa (NUMSA) met with the management team of Comair including the CEO Glenn Orsmond and the company’s Business Rescue Practitioner, Richard Ferguson yesterday. Ferguson confirmed to all those at the meeting that Comair’s financial situation is dire. He said the airline has only two options: to find an investor in the shortest time possible, or else it will be wound down. Even more worrying is that Ferguson was unable to guarantee whether employees .