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%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines