Business rescue plan for Comair delayed as practitioners seek funding

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

The business rescue practitioners of Comair have asked for an extension until next Tuesday before they publish a business rescue plan.

The practitioners requested the postponement because they are in discussions with potential funders, and this has resulted in a non-binding expression of interest for cash funding.

On June 2 the practitioners said they were in discussions with funders to recapitalise the airline in order to resume domestic passenger operations by November 1. They said more than 30 potential funders had been contacted and discussions were being held with six.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 13. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

BREAKING NEWS: Edcon business rescue approvedBusiness rescue practitioner Lance Schapiro says approval of the plan was backed by most creditors
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

SA Airlink to interdict SAA business rescue in move for national carrier’s liquidationBusiness rescue practitioners and department of public enterprises will oppose the application
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

SA Airlink to interdict SAA business rescue in move for national carrier’s liquidationBusiness rescue practitioners and department of public enterprises will oppose the application
La source: BDliveSA - 🏆 12. / 63 Lire la suite »