Former CEO believes the airlines balance sheet bodes well for its survival
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."..A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.
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