Comair is almost cleared for take-off

30 August 2020 - 00:04

Kulula and British Airways (BA) could take flight on domestic routes again by December, if Comair's creditors agree to a business rescue plan that would inject more than R1bn into the airline and allow the return of some of its former executives and directors. It would, however, pay trade creditors just 2.5c in the rand.

An unnamed consortium has offered to put R500m of equity into the airline, which went into business rescue in early May, with lenders injecting a net R600m of new debt. Comair will delist from the JSE...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.