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Skywise looking to sell off a stake due to financial constraints

Since it started operating, the airline has been grounded several times for non-payment of airport charges.

Picture: Skywise Facebook page.

JOHANNESBURG - Skywise says it's in talks to sell off a stake of the airliner due to financial constraints affecting its operation.

Since it started operating in February last year, the low cost airline has been grounded several times for non-payment of airport charges.

Now the company says it has no choice but to consider refinancing options.

Skywise says four foreign companies and two local investors are interested in buying a sizable stake in the company.

Co-chairperson Javed Malik says he's confident Skywise will come back stronger than ever.

"We look forward to delivering a better product, the competition market is tough and we understand that but when we come back we will come back with more force and more power and a better product."

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