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HILARY JOFFE: High-flying business rescue plan sank Comair

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Efforts to restructure the airline with an overly ambitious business model came too late

As Comair heads into liquidation this week, it’s worth reflecting on a couple of the big-picture questions raised by the demise of an airline that for seven decades was SA’s most successful.

The first is the question of business rescue and what makes it work — or not — to save a company like Comair that gets itself into financial distress in a difficult industry at a difficult time...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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Comair placed under provisional liquidation - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South Gauteng High Court in Johannesburg has placed Comair, the parent company of British Airways and Kulula under provisional liquidation, as the airline faces deep financial pressure. Well we all saw this coming at some point 👎 As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo.
ソース: SABCNews - 🏆 37. / 51 続きを読む »