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Old 26th May 2003, 14:29
  #14 (permalink)  
Jangys
 
Join Date: May 2003
Location: Johannesburg
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Million Air wrote off 20 million due to losses on Sunair. Bought all shares from other shareholder Air Quarius, they apparently did not stick to their end of the deal.

Loss control company CIRC bought 90% of Sunair. 10% still belongs to Million Air.

CIRC bought Sunair for R10.00.

Wonder if Million Air is in trouble after creating such a big loss for themselves.
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