- Jul 22, 2005
What business would miss an opportunity to kill their competition.Great Moneyweb article today: https://www.moneyweb.co.za/news/companies-and-deals/sa-airlink-comair-could-determine-saas-fate/?utm_source=Moneyweb&utm_campaign=16d2256282-EMAIL_CAMPAIGN_2020_02_13_05_57&utm_medium=email&utm_term=0_b106a40770-16d2256282-141301501&mc_cid=16d2256282&mc_eid=158ce85317
SA Airlink and Comair seem to have a large chunk of voting blocks when it comes to accepting the business rescue plan due to them being large creditors of SAA. I predict the business rescue plan being voted against and liquidation following shortly thereafter.
A few times a year. TK is not too bad. There are much worse out there.Have you ever flown with Turkish Airlines? I found them pretty piss poor. Will never use them again if I have a choice.
Well the debt to Comair is the fine SAA owes them for anti competitive activities (I seem to recall the fine being over a Billion Rand) so I doubt they are going to see anywhere near R1 to the Rand of that fine owed to them so maybe it would be in their best interests to kill them off rather and reap the increased turnover rewards.If they decide to kill their competition, they'll only get pennies back on the R1bn that SAA owes them. Tough call.
I'm so hoping that the next court session the unions will be awarded the honour to pay for the costs... with no appeal.Unions wasting time with preemptive lawsuits:
The National Union of Metalworkers of South Africa and the SA Cabin Crew Association says they will appeal the ruling.www.fin24.com