Former Comair CEO Erik Venter says he is "surprised" at the airline's decision to go into business rescue, which he thinks is unnecessary.
"It's a very dramatic position to take. I don't really understand why they went to that extreme. You normally go into business rescue when the balance sheet has been fully depleted and there's nothing left to sell," he said. "In Comair it's quite the opposite."..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.