Skywise secures investor to help it get back in the air
SKYWISE, the low-cost carrier that was grounded in 2015 after failing to pay airport fees, said it had secured a domestic private investor and would be flying again before the end of 2016.The cash-strapped company has made a number of attempts to secure funding to pay off its debts and fund its operations.The airline was grounded in December 2015 by the Airports Company SA (Acsa) for its failure to pay about R4m in airport fees relating to the landing, take-off and parking of aircraft and related service charges. Acsa owns and operates nine commercial airports in the country.This was not the first time Acsa had grounded Skywise. In October, the airline was also prevented from taking off over unpaid airport fees. The carrier has not been flying since its grounding in December.At the time, the airline said it had a "pay-as-you-go" arrangement with Acsa that allowed it to clear its arrears, and had missed only one payment of R1.6m, for which it had sought an extension from the airports...
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