In a statement, the airline's business rescue practitioners said the company required a 'substantial cash injection'.
Comair, which operates British Airways and kulula.com flights, is hoping to resume operations on November 1, it said on Tuesday.Although domestic flights have been opened up under level 3 of the lockdown, Comair - which operates BAA and kulula.com in SA - says it is unlikely to take to the skies again until November.substantial cash injection".
"The aircraft are currently in a preservation programme to ensure that they are ready to fly again. The resumption of operations now would however require securing fuel suppliers and covering numerous other costs, which the airline would not be able to meet without a significant cash injection," read the statement, issued on Tuesday.
As part of the business rescue, Comair employees have been placed on unpaid leave, with retrenchment processes under way.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Comair warns of 100% profit dropThe group is in business rescue after being grounded by the Covid-19 pandemic
Read more »
Bidvest share price drops after writing down ComairAirline operator hit by national lockdown that suspended air travel
Read more »
Bidvest share price drops after writing down ComairAirline operator hit by national lockdown that suspended air travel
Read more »
Comair warns of 100% profit dropThe group is in business rescue after being grounded by the Covid-19 pandemic
Read more »
Oil rises as markets await Opec+ meeting on extended output cutsProducers weigh extending their reduced production until the end of August
Read more »
Neighbourhood watches allowed to operate under level 3With the Western Cape being the epicentre of the country's Covid-19 infections, neighbourhood watches could assist law enforcement in ensuring compliance with the lockdown regulations.
Read more »