A Kulula aircraft operated by Comair. Picture: SUNDAY TIMES
Under the plan published on Wednesday, a group of investors that include former directors, are to inject R500m into the group in return for virtually all of the company, which was worth R2.4bn when trading its shares were suspended on the JSE in May. “It was not something that was business-specific. Comair is a national asset. Getting it back in the air will save 1,800 jobs, provide the flying public with more choice and competitive fares, strengthen the aviation sector and contribute to the broader SA economy.”
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