Airline veteran Gidon Novick explains why SA’s era of subsidised flights is over and talks about co-founding the successful Jhb/CT route specialist airline Lift.
The future of South African Airways (SAA) remains uncertain after being run inefficiently and accumulating huge losses for years.
Given my experience of trying to cancel a booking with LIFT, I would dispute that it is a “great airline” (BizNews, November 21).
Airline veteran Gidon Novick personified the best chance of a turnaround for teetering South African Airways.
LIFT is a competitor to SAA and the Takatso Board had identified the potential conflicts of interest between the Consortium and LIFT.
Despite there being no other credible bidder for SAA, self-appointed experts keep carping on about Takatso having been ‘gifted’ the airline.
Former Comair CEO Gidon Novick is still smarting at the demise of the ‘family business’ and talks about new challenges.
“We have progressed the due diligence process of SAA, which is now substantially complete, and no material issues have been identified.”
The Takatso consortium has yet to identify any material issues that would scupper the SAA deal, said the Department of Public Enterprises.
“Ascerbic columnist James Freeman shares that the US president’s popularity has dropped below 50% in his piece headlined Biden’s Collapsing Reputation.”