OPPENHEIMERS
Fireblade judgment to decide fate of terminal
Oppenheimer aviation company Fireblade says the delays have cost it R373m
Judgment is expected on Friday in an appeal lodged by the Department of Home Affairs against a recent court ruling granting the Oppenheimer family the right to run an international luxury terminal at OR Tambo airport. Oppenheimer aviation company Fireblade said in new court papers filed this month that its accumulated losses from delays in being able to offer international customs and immigration facilities at the terminal now amounted to R373m. Fireblade said its business model was premised on being able to offer facilities for international flights. Its main revenue driver was fuel, hangar fees and ramp parking. "All these revenue sources will remain depressed for as long as the [terminal] cannot handle international flights," Fireblade said. In court papers, the Oppenheimers had accused Finance Minister Malusi Gigaba, who was minister of home affairs at the time, of reversing his approval for the airport following pressure from the Guptas. In October, North Gauteng High Court Jud...
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