Step-by-step: How Comair bullied take-over target Metaco into the ground. MUST READ!
Not only did the Metaco founders watch their creation crumble, but Comair also pulled a number of painful moves.
Not only did the Metaco founders watch their creation crumble, but Comair also pulled a number of painful moves.
Comair’s legal challenge against government’s bailouts of state carrier South African Airways (SAA) is due to start this week.
After being delayed by legal objections from local airline Comair, the new cut-price operator FlySaFair was today given the green light by the Regulator. This followed a reshuffle of its shareholding from 75% to only 25% Irish-ownership. Is it a mere sleight of hand or genuine? Comair’s CEO Erik Venter isn’t sure. – AH … Read more
With buzz growing around a new entrant to the South Africa airline industry in the form of a low-cost carrier called Skywise, many have been asking if airline ticket prices will fall when competition gets even stiffer. However, Comair CEO Erik Venter says not a chance. The margins in the airline biz are already … Read more
I’ve always liked the way Charles Savage and Mark Barnes, his chairman at Purple Capital, go about their business. These are two of the great characters of SA’s financial services sector. Never afraid to have a go, they’ve also got the bruises to prove that experience sometimes brings pain. Today’s trading update from their under-performing … Read more
Controversial IT and media entrepreneur Atul Gupta found himself in the thick of it again after yesterday’s sale of his shares in Comair, the JSE-listed company which operates British Airways and Kulula branded airlines in SA. He owned 4.7% of the company’s equity, bought mostly in 2009 at around 180c a share. Gupta was an … Read more