Velvet Sky Aviation (Durban) is facing a financial crisis. The new low-fare airline must be pay its overdue bills to BP Southern by March 5 or the latter company will seek liquidation in the South African courts according to this story by the Business Report.
Velvet Sky Aviation (Durban) is considering partnerships with other foreign airlines to avoid the restrictive bilateral agreements that permit only state-owned airlines to operate to other countries. Mozambique is the first target for the new airline according to this report by Prime Inc.
The airline is also planning to expand its fleet from four Boeing 737-300s to seven.
Velvet Sky Aviation (Durban) is a new low-fare airline based in South Africa. The inaugural flight took off from OR Tambo Airport Airport in Johannesburg on March 22, 2011 on the the Johannesburg-Durban route, with the Johannesburg-Cape Town route following shortly afterwards.
Established in 2009 by a diverse group of local businessmen, Velvet Sky is South Africa’s first 100% Broad Based Black Economic Empowerment (BBBEE) airline company.
Velvet Sky will be operating three 148-seat Boeing 737-300 aircraft which have been sourced from international aircraft leasing company Aergo.
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