Cash-strapped Comair requests deadline extension of publication of business rescue plan

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Sverige Nyheter Nyheter

The business rescue practitioners of cash-strapped Comair confirmed this in a media statement sent on Tuesday evening, saying this would give them enough time to negotiate short-term bridging funding.

Business rescue practitioners for Comair, which operates British Airways and Kulula flights, have been given until July 28 to present a business rescue plan. They want a deadline extension.Business rescue practitioners of the owner of Kulula.com and British Airways want to be given a deadline extension regarding the publication of a business rescue plan.

"The request for an extension until 28 August 2020 is so the practitioners can negotiate short-term bridging funding as post-commencement finance and advance two offers from potential investors," said the practitioners.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 13. in SE

Sverige Senaste nytt, Sverige Rubriker