The South African airline industry has had a very colourful and interesting selection of carriers. Now they really seem under pressure. Earlier in 2012, airline Velvet Sky went into liquidation. The action was launched by oil company BP over unpaid bills. At the end of August, the carrier 1time which is estimated to have 15 per cent of the SA market, filed for “Business Rescue” . This arrangement protects the airline from any creditor forcing it into liquidation while the new management team tries rescue the carrier. 1time (which means in South Africa: “for real!” has…
Velvet Sky
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2012 Airline Bankruptcies
A cheerful topic! The one commonality the airline industry has, is that no brand is impervious. Unlike brands in other industries: Ford (USA), Cadbury (UK) and Waitrose (UK), airlines seem to come and go. The airlines lost so far in 2012 are listed below. Where I have blogged about the collapse, you will see my link. 2oth January: Cirrus (Germany) 27th January: Spanair (Spain) 30th January: US3000 (USA) 9th February: Malev (Hungary) – Check out my three blog posts about them: The Collapse 17th February : Air Australia (Australia) 26th February: Norfolk Air (Australia) 27th February: Velvet Sky (South…
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