- 16 Nov 2012 00:00 - Lisa Steyn
- Aviation industry analysts are torn over whether there is money to be made for those who dare to tread on the runway.
- 22 Aug 2012 07:49 - Sapa
- Low-cost airline 1Time says its scheduled services will go ahead despite filing for business rescue to dig it out of R320-million of debt.
- 21 Jun 2012 19:00 - Sapa
- The troubled Velvet Sky airline, which owes R100-million to creditors, has been liquidated by the Pietermaritzburg High Court.
- 16 Mar 2012 10:51 - Lisa Steyn
- Velvet Sky's licence agreement has a clause that stipulates it must set aside sufficient funds to pay back cash clients should it go out of business.
- 09 Mar 2012 00:00 - Sam Sole
- The two beleaguered companies have a number of business consultants and associates in common.
- 06 Mar 2012 12:16 - Staff Reporter
- Velvet Sky's attorney has withdrawn from its liquidation case, citing personal reasons -- after being implicated in a mining-related fraud case.
- 02 Mar 2012 00:00 - Sally Evans
- Troubled low-cost airline Velvet Sky stands accused by petrol giant BP of resorting to "desperate cash-raising measures to stave off bankruptcy".
- 02 Mar 2012 00:00 - Phillip De Wet
- When big airline operators are losing money it is no wonder that the smaller guys are cautious writes Phillip de Wet.
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- 28 Feb 2012 06:29 - Staff Reporter
- All Velvet Sky flights have been suspended until March 5, while the airline reconstitutes its board and balance sheet and realigns its strategy.
- 25 Nov 2011 00:00 - Sally Evans
- The new airline Velvet Sky hired a director and advisers of failed mining company Aurora Empowerment Systems to help "grow the company".
