Comair could not raise the necessary funding to continue with operations, its business rescue practitioners announced on Thursday.
Although the latest notice does not mention liquidation, the BRPs did indicate on Tuesday that, if fundraising efforts were not successful, the next step would be to move from business rescue into liquidation proceedings.The BRPs tasked the Comair Rescue Consortium , the current owner, to come up with a practical plan for continued operations by 31 May this year.
Fin24 This is a great opportunity for NUMSA to buy COMAIR assets and apply all their excellent strategies and run the airline profitable, or is it better to sit on the sidelines demand unreasonable salary increases than actually doing something worthwhile IrvinJimSA ?
Fin24 Impossible
Fin24 You mean they couldn't raise the necessary funding to appease the overlords in the country, looking after their own SAA interests?
Fin24 The R51 gang must buy this one as well
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💔.
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