29 April 2008 - 13h00

On the 7th November 2007, Nationwide Airlines experienced an engine separation from a Boeing 737-200 on departure from Cape Town.

Subsequent to this a protracted grounding of our fleet was mandated by the South African Civil Aviation Authority.

In the months of December and January we resumed operations and attained a gradual recovery of the business however in the months of March and April we faced a 30% increase in fuel costs coupled wiht a decrease in passenger load factors.

Throughout this period we continued to work towards securing investment by a black empowerment consortium which unfortunately has not come to fruition.

Our cash-flow has become critical and as a result have decided to voluntarily cease all flight operations until further notice.

We apologize to our loyal customers for any and all inconveniences experienced.

 Taken from www.flynationwide.co.za