Long road ahead for Velvet Sky creditors

2012-06-25 15:46
Budget airline, Velvet Sky, has been officially liquidated leaving those who bought tickets for flights scheduled for take-off after the airline stopped taking to the skies in late February to join the long list of its creditors.

IOL reports that the airline apparently owes its creditors almost R100 million.

According to Pretoria News' Consumer Watch columnist, Wendy Knowler, those who paid for their flights via EFT or cash are going to have to accept that all hope of a full refund has now evaporated. 

"When companies liquidate, creditors, especially the smaller ones, such as individual customers, can expect to get only what is referred to as "a few cents in the rand" - in other words, a tiny fraction of their losses, if anything. That's if they register their details with the attorneys appointed to handle the liquidation," she explained. 

Those who bought their Velvet Sky tickets at Computicket outlets were refunded by Shoprite, which owns Computicket, and many of those who paid for their tickets with their credit cards successfully applied for chargeback from their banks and have since been refunded.

Have you been affected? Tell us your story!

Read more on:    velvet sky

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

SHARE:

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Comments have been closed for this article.

Inside Travel

 
/News

#FindYourEscape with Traveller24

Your insider guide to exploring South Africa and the world...
 
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.