Sisulu says she is concerned that the looming liquidation of Comair, which operates the Kulula.com and British Airways services, could have a dampening effect on the recovery of the tourism sector after a tough couple of years during the pandemic.
The Minister has expressed the hope that the grounding of Comair does not lead to other airlines raising prices. Business rescue practitioners have lodged an application in court to convert the business rescue proceedings at Comair into liquidation proceedings. This followed thePublisher & Editor of the SA Flyer Magazine, Dr. Guy Leitch says the business rescue process failed because the company had already been stripped of its assets:
Comair says customers who were owed refunds after the airline halted operations at the end of last month will now become creditors. The National Union of Metalworkers of South Africa has concerns about the future of workers following meetings with Comair management.
Proof private sector won't save saa.
Probably what happens when you shut it down..... Sure there is a black consortium willing to pick up the intentionally decimated scraps
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Comair fails to get money, business rescue practitioners believe it can't be saved | Fin24JUST IN | Comair could not raise the necessary funding to continue with operations, its business rescue practitioners announced on Thursday. | Fin24 Fin24 I'm desperate for any employment. I'm willing to be a slave boy or a servant too. Just for my kids🙏. My children are suffering because I struggle to put food on the table for them😭. Last night they slept hungry and that broke me as a father💔. Fin24 The R51 gang must buy this one as well Fin24 You mean they couldn't raise the necessary funding to appease the overlords in the country, looking after their own SAA interests?
Source: News24 - 🏆 4. / 80 Read more »
Source: TheSAnews - 🏆 25. / 59 Read more »