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Skywise in final stages of investment deal - co-chair

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Cape Town - Grounded low-cost airline Skywise Airlines is in the final stages of a shareholder deal with new investors, co-chair Tabassum Qadir told Fin24 on Wednesday.

She said the full details of the investment will be disclosed soon after fulfilling certain conditions.
 
"What we can be revealed is that the investors are promoters of new commercial aircraft," she said.
 
“The investor is coming in at a time when the African aerospace market has been dominated by Airbus and Boeing, with only limited competition in the regional jet market from Bombardier and Embraer."

READ: Transformation key to grow SA aviation - Skywise

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