A NEW airline flying between Cape Town, Durban and Johannesburg called Velvet Sky is set to lunch in 2011 adding to competition in a sector covered by at least three budget airlines and South African Airways. The website www.velvetsky.co.za proclaims, “The countdown has begun” and advertises positions for pilots and other personnel required by the airline. It is understood that the financial backers of the project have decided not to divulge their names at this stage, for fear of reputational risk should the project not proceed. The South African Civil Aviation Authority confirmed yesterday it was evaluating an application for

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