Comair eyes December flights if business rescue plan accepted

📆 15/01/42 01:13 م
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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The plan was published on Wednesday and will allow creditors and shareholders two weeks to consider and adopt the plan.

JOHANNESBURG - Comair said that it was hoping to be operational again in December if its business rescue plan was accepted.

The plan is suggesting a fresh equity injection of R500 million in return for a 99% shareholder, of which around 15% of the shareholding would be allocated to BBBEE partners. Around 400 employees will be without a job following the conclusion of a retrenchment and early retirement process.Download the EWN app to your iOS or Android device.

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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