Embattled airline operator Comair said a creditors meeting to vote on a crucial business rescue plan will go ahead on Friday, despite a union attempt to derail it.
The airline’s spokesperson, Stephen Forbes, said he had it on good authority that the creditors meeting “to vote on the business rescue plan” will go ahead on Friday.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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Numsa digs in over Comair business rescue meetingThe union says the airline operator is ‘blackmailing’ members into signing a collective agreement ahead of vote
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Comair to shed 400 jobs as it adopts business rescue planComair announced on Friday it is cutting about 400 jobs as the airline tries to turn its fortunes around.
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Creditors adopt business rescue plan as Comair moves one step closer to recoveryThe preferred investment consortium, comprising a number of former Comair board members and executives, will invest fresh equity of R500m in return for a 99% shareholding
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Troubled Comair offloads 400 jobs as it adopts business rescue planThe airline said its turnaround plan will focus on reducing operating costs and growing ancillary revenue.
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Comair to return to service in December after business rescue plan gets green lightComair will gradually return to service from December, with a seven-month ramp-up period until June 2021, after the vast majority of creditors and shareholders voted to adopt the business rescue plan.
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