Comair has entered into voluntary business rescue proceedings recently.
Their group is positive, however that they will be back in business soon, and released a statement to reassure their stakeholders and passeggers.
‘This is to ensure a focused restructuring of the company as quickly as possible so we can take to the skies again as a sustainable business and play our part in the country’s airline industry and economy,’ Comair says on its website.
Business rescue practitioners Shaun Collyer and Richard Ferguson were appointed on 5 May 2020 and will provide all affected stakeholders with regular updates on the process. Comair was granted approval to suspend the trading of its shares on the JSE with immediate effect.
This comes after the lockdown enforced as a result of COVID-19 worsened the group’s already dire financial situation.
‘We remain hopeful that operations will resume at or about 1 November 2020. Comair remains solvent and an important contributor to the South African economy. Stay safe until we take to the skies with you again.’
Persons who have purchased tickets from airlines operated by the group, such as Kulula.com and British Airways, can send queries to [email protected]
Image: Getaway gallery
