Closure of once-thriving operator could stall recovery of the tourism sector and broader economy
Comair, the once-thriving operator of Kulula and British Airways in SA, is set to shut up shop permanently after running out of cash, a development that could push local airline ticket prices to record highs and stall the recovery of the tourism industry and the broader economy.
The airline operator — which was once the gold standard on the local aviation scene, going more than seven decades without making a loss — accounted for 40% of airline capacity...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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