Liquidation proceedings heading to court as Comair fails to rescue itself from debt

Comair, which handles 40% of the country’s domestic air travel capacity, has been dealt a deathblow with the news that it will be liquidated in the absence of further funding coming to the table.If you have already registered or subscribed, please sign in to continue.

Comair, which handles 40% of the country’s domestic air travel capacity, has been dealt a deathblow with the news that it will be liquidated in the absence of further funding coming to the table...If you have already registered or subscribed, please sign in to continue.

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Liquidation proceedings heading to court as Comair fails to rescue itself from debtBusiness practitioners say there is no ‘reasonable prospect’ of the airline being saved
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Kulula and British Airways close doors for goodKulula and British Airways close doors for good: Comair fails to get funding and business rescue practitioners don’t believe the airline can be rescued 😭💔I’m unemployed now
Source: mailandguardian - 🏆 2. / 92 Read more »

Comair business rescue practitioners launch liquidation bidBusiness rescue practitioners of Comair have lodged an application in court to liquidate the troubled company
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Liquidation for Kulula owner Comair as business rescue fails[BREAKING] It is an extremely sad day for Comair its employees, its customers and South African aviation: business rescue practitioner Richard Ferguson. BritishAirways Kulula I do wonder whether the bail out money for SAA would not have been better spent here ..
Source: Moneyweb - 🏆 5. / 77 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.
Source: dailymaverick - 🏆 3. / 84 Read more »