Velvet Sky Grounded?
Thread Starter
Join Date: Jan 2012
Location: RSA
Posts: 21
Likes: 0
Received 0 Likes
on
0 Posts
I see Velvet claims they'll receive R370mil from an equity fund if a business rescue plan is agreed on instead of liquidation. That should stabilize things for a bit?
Join Date: Feb 2012
Location: Cape Town / UK / Europe
Posts: 728
Likes: 0
Received 0 Likes
on
0 Posts
There is more to this than meets the eye. The airline was trading beyond its means but ..........
Cloudy skies over Velvet's Aurora ties - Investigations - Mail & Guardian Online
... the waters are murkier than many realised and I would be surprised if Velvet ever takes to the skies again.
Cloudy skies over Velvet's Aurora ties - Investigations - Mail & Guardian Online
... the waters are murkier than many realised and I would be surprised if Velvet ever takes to the skies again.
Join Date: Mar 2005
Location: Behind 1480mm RHA equivalent
Posts: 687
Likes: 0
Received 0 Likes
on
0 Posts
In the business world, the waters are always murkier than you think. Perhaps you could say in this case that 'the waters were even murkier than normal?'
Not to be a dick, but it's not like this was utterly impossible to see coming when word got out who was behind the whole thing. Again, it sucks for the average working joe who happened to be employed by them. The bigwigs can burn as far as I'm concerned of course. Naturally they won't, but anyway.
Not to be a dick, but it's not like this was utterly impossible to see coming when word got out who was behind the whole thing. Again, it sucks for the average working joe who happened to be employed by them. The bigwigs can burn as far as I'm concerned of course. Naturally they won't, but anyway.
