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Velvet sky liquidated

01 Feb 2016 | Admin Author


 Velvet Sky airline has been liquidated by the Pietermaritzburg High Court.

Judge Phillip Nkosi rejected a request for an adjournment and said he did not believe this was in the interests of creditors.

During earlier hearings, the court heard that Velvet Sky owed almost R100m to its creditors.

The low-cost airline was placed under provisional liquidation in May.

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