Comair, which grounded its British Airways (domestic) and Kulula flights a week ago due to a funding crunch, has failed to raise the cash it needs to return to the air.
Its business rescue practitioners said in a statement on Thursday the “requisite funding could not be raised in order for the company to continue with its operations”.
“Accordingly, the company's joint business rescue practitioners give notice herewith that they no longer believe that there is a reasonable prospect that the company can be rescued.”. Just R20 for the first month.
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