It looks like the days of the once-flourishing Comair are officially drawing to a close, as business rescue strategies have failed to keep the airline from going under.
Mango, the low-cost state-owned airline, was recently placed under business rescue by the board and shareholders.
At the centre of the struggling stationery company’s woes is former CEO Benjamin Trisk, who is now threatening legal action after the latest developments.
After well over 100 years in the game, CNA is under extreme stress as unpaid bills mount and “a power battle among executives” plays out.