It suited SAA more to make SunAir go away. Remember at that stage SAA's market share dipped below 50% on the CPT route. Think it was heading the same way on DBN too.
DJ is right, the n
r in the wood pile was Retabele, they had no money. The plan was doomed to failure before it started.
Seem to think recapitalisation was required. It didn't go as Comair had planned. Also they were the minority shareholder, so when it all went pear shaped, they were not gonna come up with the cash for the rest of the shares.
The staff held the other shares, as I remember.
Again the tax payer footed the bill. Sun Air in the correct hands would have been a viable concern. Sad the travelling public lost out.
Would love to hear the Novick version of the story.
Seem to remember the writing of the dirty deal was on the wall, the pilots got a HUGE increase about 2 weeks before everything hit the fan. Remember being in RF's office and him saying "don't worry, will never get paid".
Gotta love what we DON'T see in aviation.