Not good enough!
That was the unofficial word from several REDjet creditors to the airline’s proposal to repay a minimum of 25 per cent of money owed them, but it will be another few days before an official verdict from yesterday’s voting on the offer is submitted to the court.
In the meantime, the insolvent airline is pressing ahead with plans to sue the Government, group executive chairman Ian Burns confirmed to the MIDWEEK NATION.
“Our lawyers have been instructed and will soon be writing to Government,” Burns said following a meeting with scores of creditors yesterday.
No deal!
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