Airline veteran Gidon Novick explains why SA's era of subsidised flights is over; the challenge for SAA; Lift's success and demise of the 'family busi..

Loading player...
His family's half century of involvement with the bankrupt Comair ended 10 years ago, but as you'll hear in this podcast, former CEO Gidon Novick is still smarting at the demise of the 'family business'. The qualified chartered accountant has moved on, however, helping to cofound the successful Jhb/CT route specialist airline Lift, and a key participant in the consortium that's acquiring South African Airways. Novick updates us on the latest at these two airline, on conditions in the sector and takes a flyer at where it will be heading in this interview with Alec Hogg of BizNews.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
30 Jun 2022 10AM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min

The BizNews Edge: Nedbank, Grindrod and the coal stock no one was watching

Nedbank confirmed its guidance this morning, and its East Africa deal is weeks from closing - a transformation most investors are still underpricing. Grindrod's Port of Maputo posted extraordinary volumes, but the share may already be priced for perfection. A small coal miner no one follows just disclosed an 1,800%…
24 Jun 8AM 26 min