Prepare for bidding war

06 June 2008 - 02:00
By unknown

The liquidation process of Nationwide Airlines is gradually approaching a point where the formal bidding process for the airline can actually start, said the union representing former Nationwide employees, Uasa, yesterday.

The liquidation process of Nationwide Airlines is gradually approaching a point where the formal bidding process for the airline can actually start, said the union representing former Nationwide employees, Uasa, yesterday.

"According to our liquidators the master should be in a position in a few weeks to convene the first meeting of all the creditors whereafter a 'buyers pack' will be compiled," said Uasa spokesperson André Venter. - I-Net Bridge