FLY­ING HIGH

Finweek English Edition - - INVESTMENT -

Say what you will about Co­mair (and I sel­dom have good things to say about the in­dus­try), the man­age­ment team is im­pres­sive. Lo­cally, we have a num­ber of world-class man­age­ment teams, but here we have a team man­ag­ing to do very well in the tough­est in­dus­try on the globe – the air­line in­dus­try. Sure, the demise of 1time helped a lot but SAA has not been able to turn that into an ad­van­tage. That said, at the end of the day I would still never in­vest in an air­line and I can’t help won­der­ing how well this man­age­ment team would do if it op­er­ated in an ‘eas­ier’ in­dus­try. I think that it would clean up.

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