50 SKY SHADES - World aviation news


Aviation Pulse Android App in Google Play Market

SkyWise attempt to sell off 50% of shares

SkyWise attempt to sell off 50% of shares
Download: Printable PDF Date: 14 Dec 2015 12:50 (UTC) category:
Publisher:
SkyWise attempt to sell off 50% of shares - Finance publisher
Tatjana Obrazcova
Country: South Africa Aircraft: Airplanes
Source: Africanaerospace

SkyWise launched an attempt to raise ZAR150 million (USD10.44 million) by selling a 50% stake in the airline.

The LCC looked to sell 1,500 shares valued ZAR100 000 (USD6,961) last week, with a minimum of ten to be acquired by each investor.
 
SkyWise was grounded this month for the second time in three months after failing to settle ZAR8 million (USD556,856) in outstanding fees to the Airports Company South African and Air Traffic and Navigation Services.
 
The carrier has appealed to South Africa’s politicians in a bid to gain support.   

 





Recommended

Singapore selects Thales for next-generation AI-powered air traffic management system serving one of Asia’s busiest airspaces

The Civil Aviation Authority of Singapore has awarded Thales a landmark contract to develop a new NexGen Air Traffic Management System (ATMS) and air traffic control radars, marking a major step towar...

Gulfstream reclaims city pair speed record Los Angeles to Farnborough

Gulfstream G700 set a new Los Angeles to Farnborough, England, city pair speed record, completing the 4,740-nautical-mile/8,778-kilometer journey in 8 hours and 27 minutes from takeoff to touchdown. T...

flydubai to host UAE National Careers Open Day, showcasing aviation career opportunities for Emirati talent

flydubai will host its UAE National Careers Open Day on 16 August at the flydubai Campus, inviting UAE nationals to explore rewarding careers with one of the region’s fastest-growing airlines an...

America's newest capital gateway unveiled: more than $20 billion transformation at Washington Dulles International Airport

The Metropolitan Washington Airports Authority, United Airlines and the U.S. Department of Transportation announced a landmark transformation for Washington Dulles International Airport with a capital...

Android Apps development in Riga, Latvia