Last week Comair which is an operator of British Airways and the domestic low-cost airline- Kulula grounded flights citing financial difficulties.
JOHANNESBURG - Comair says it’s a sad day for its employees and South African aviation on the back of its decision to close shop.
The company entered into voluntary business rescue in 2020 to safeguard the company and its stakeholders. The airline was meant to provide business rescue practitioners with a practicable plan by the end of last month.
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 set to permanently exit the skies as no angel investors step upComair, 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.
Read more »
Comair: Not yet cleared for take-offComair is working to strike deals and to regain customers’ confidence.
Read more »
Comair is weeks away from liquidation - Numsa tells workersThis follows a tense stakeholder meeting with unions, Comair’s CEO Glenn Orsmond and the business rescue practitioners at the airline’s Kempton Park offices on Tuesday afternoon where the struggling airline’s fate was discussed.
Read more »
Business Maverick: Comair in sight of its final resting placeComair business rescue practitioners have lodged a court application to convert the company’s business rescue process into liquidation proceedings after not raising enough funds to keep it going. If the court grants the liquidation application, Comair will permanently close its doors.
Read more »
Comair wings to be clipped permanently – rescue practitioners no longer believe it can be savedComair wings to be clipped permanently – rescue practitioners no longer believe it can be saved Comair failed to secure the cash needed to resume operations. The company’s business rescue practitioners no longer believe it can be saved.
Read more »