Airline start-up in South Africa launched early 2011 on golden triangle. Employment started January 2011. Operations commenced March 22 2011. Low price flights from Johannesburg to Cape Town and Durban. Consult website www.flyvelvetsky.com for latest news and offers. Now also flying to Polokwane and Port Elizabeth. Over 1500 flights completed and over 150 000 passengers carried since inception. Due to intense price competition, cash flow dried up and the company terminated services late February 2012.