Grounded budget airline pins hopes on rescue plan
Restructuring and potential investors could see Fly Blue Crane in the sky once more, but business rescue practitioner warns negotiations will be complex
Hybrid carrier Fly Blue Crane’s business rescue practitioner said on Thursday the company was still in negotiations with potential investors for a possible re-launch of the airline. It has now been almost two months since the airline suspended flights in order to pursue a restructuring. Business rescue practitioner Etienne Naude said on Thursday there was still optimism the airline would resume operations. "The promising but complex discussions with potential investors are continuing," he said. Fly Blue Crane suspended operations on February 2. On February 17, the International Air Travel Association (Iata) suspended Fly Blue Crane from its Billing and Settlement Plan – which simplifies booking and planning for travel agents. Iata says however this is standard procedure for airlines that do not operate, and Fly Blue Crane, while not a member of Iata would be reinstated once it resumes operations. Fly Blue Crane is SA’s first majority black-and woman-owned low-cost airline, but enter...
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