At least 40 potential buyers have expressed an interest in Nationwide, the airline’s provisional liquidators, Alta-Tshwane Trust, said on Thursday. In a statement, the trust said the potential buyers had all insisted on full financial and operational information on the company.
Nationwide Airlines has been placed under provisional liquidation, an attorney for the company said on Wednesday. "We applied yesterday [Tuesday] at 3pm and were placed under provisional liquidation," said Haroon Maher. On Tuesday passengers were stranded when the airline announced that it had ceased operations due to cash-flow problems.
Travel agent Flight Centre said it was ”blindsided” by the sudden closure of Nationwide Airlines and had gone into a crisis meeting to decide how to deal with the matter, with no information forthcoming from the airline, a spokesperson said. ”We were absolutely blindsided, we were completely unaware,” said Amanda Hardy.
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/ 27 February 2008
Nationwide Airlines will sell a majority stake to black investors that will result in the company’s recapitalisation, a media report said on Wednesday. Vernon Bricknell, Nationwide’s chief executive said investors, whom he declined to name, would bring resources to the table, including the company’s recapitalisation.
Nationwide Airlines has resumed all flights in the Eastern and southern Cape after it was grounded for safety reasons last year, a media report said on Monday. Nationwide corporate quality director Rodger Whittle said it was safe to say the airline was ”back to normal”.
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/ 4 December 2007
The embattled South African Civil Aviation Authority (CAA) suffered yet another blow on Tuesday with the resignation of its CEO, Zakes Myeza. Myeza was touted as the saviour of the CAA when he took office in February last year, becoming the first permanent appointee to the post in years — at least since the debacle surrounding Trevor Abrahams.
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/ 4 December 2007
The South African Civil Aviation Authority and Nationwide Airlines have agreed to a media blackout regarding the grounding of the carrier. They said they would no longer make independent statements to the press, but would speak jointly on the process, it was announced on Tuesday.
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/ 30 November 2007
Nationwide Airlines said on Friday that all its domestic and international flights had been grounded by the country’s Civil Aviation Authority, but did not know how long the ban would last. Nationwide’s spokesperson Rodger Whittle said he did not anticipate that grounding would be a ”long situation”.
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/ 8 November 2007
The engine that dropped off Nationwide flight CE723 had sucked in ”an object” as the plane was taking off, the airline said on Thursday. It was commenting on the drama on Wednesday in which a Johannesburg-bound Boeing 737 lost one of its two engines during take-off from Cape Town airport, yet managed to land safely half-an-hour later.