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Wilderness Holdings withdraws bid for Air Botswana

Posted 13 June 2017 · Add Comment

Wilderness Holdings Limited has formally withdrawn its bid for Air Botswana saying the pull was a 'business decision' made after realising that it would not be 'in its best interests' to contesting for a partnership with the troubled national airline, report Oscar Nkala.

The company announced its pull-out of the bid late on Friday through a notice that was published simultaneously on its primary and secondary listings the Botswana Stock Exchange (BSE) and the Johannesburg Stock Exchange (JSE), respectively.

In a follow-up interview with a local weekly, Wilderness Holdings Commercial Director and Chief Sustainability Officer Derek de la Harpe confirmed the pull-out. 

“We made a business decision based on the facts that were before us. We feel it is in our best interests for us not to be involved and that Air Botswana will find a solution with another partner. 

"We have since received feedback from Government about their interest in us partnering with them to find a solution. This was a major consideration for us, but we took the decision not to participate further in the process," la Harpe said. 

However, he said they remained committed to helping with the revival of Air Botswana.


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