Nationwide to Relaunch as Blackbird/Stupidbird

This wins the award for the dumbest strategic move I believe I have seen this year. But nevermind, I'm off to buy a fleet of SUVs.

clipped from www.businessday.co.za While Laher declined to say how much the airline owed its creditors, Nationwide’s court application for liquidation in April shows that on March 31 the group had about R48m in assets and liabilities of R217m. The papers also indicated that the airline owed fuel supplier BP R9m on April 29, and owed the Airports Company SA R9m in fees for the first quarter. Blackbird would resume flights using Nationwide’s existing fleet of Boeing 737s. As part of any deal, Blackbird has offered to reissue tickets to passengers still holding unused tickets, which must be used within a year of the airline resuming operations.