Business rescue on the table for budget airline Blue Crane
JUST over a year after its launch, new airline Fly Blue Crane said on Wednesday that it was considering entering into business rescue but expected discussions with potential strategic partners to continue. The process was expected to provide an opportunity to re-organise and restructure its affairs, save jobs and allow for continued operations, the company said. "In the meantime, and in the interest of all its valued stakeholders — including creditors, financial institutions, shareholders and employees — the company regrets to advise that it will not be fielding media inquiries," it said. "Around the world, major airlines follow the same process to re-engineer their businesses." Fly Blue Crane employs 104 people. The airline launched in September 2015 with an intention to compete on the "secondary routes", flying between Cape Town, Johannesburg, Kimberley and Bloemfontein, but has struggled to secure additional funding. It added a route between Johannesburg and Mthatha to its networ...
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