Comair 'weeks away from liquidation' as it refunds passengers

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Comair 'weeks away from liquidation' as it refunds passengers
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According to Numsa, Comair is weeks away from liquidation if capital is not injected into the company - and fast, with many describing the situation as 'dire:'

The sudden suspension was due to the company’s need to secure additional funding, which the operator has not managed to secure yet. According to Numsa, Comair is weeks away from liquidation if capital isn’t injected into the company – and fast.

The troubling news follows tense talks between unions, Comair’s CEO Glenn Orsmond and the business rescue practitioners at the airline’s Kempton Park offices on Tuesday afternoon, as per“The BRPs are quite hostile and there are literally just two options: it’s either they get funding or they wind down,” said Numsa shop steward Sandile Xekhe.

Workers have been questioning whether they would see a salary this month after Comair grounded its Kulula and British Airways flights with many describing the situation that Comair now faces as “dire.” But while there are many questions surrounding what comes next, passengers booked to travel on the now grounded air carriers have received a glimmer of hope.

Passengers with British Airways tickets will be accommodated by competing carrier Airlink, while tickets bought for Kulula flights during the flash sale will be refunded this week, reports

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