In a statement, business rescue practitioners at Comair — which operates kulula.com and British Airways in SA — said depending on this decision, its flights could be operational in December.
“The first R100m will be paid in two equal tranches in September and October as secured post-commencement finance. Additional funding from lenders of R1.4bn is required to successfully implement the adopted plan. This will comprise R600m in net new debt.
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