Comair To Be Liquidated
Comair announced (June 09, 2022) the business rescue practitioners lodged a court application to convert the business rescue proceedings into ...
Comair announced (June 09, 2022) the business rescue practitioners lodged a court application to convert the business rescue proceedings into liquidation proceedings. Comair – operator of British Airways (SA flights) and kulula.com, noted the employees and customers holding bookings or with pending refunds now become creditors of the company.
COVID-related air travel lockdowns inter alia the “Red Listing” of South Africa by certain European countries, notably the United Kingdom, the suspension of the Company’s AOC in March 2022 by the regulator as well as significantly high fuel prices experienced in the past five months. Each of these events had a material negative impact on the business. – Comair Statement, June 09, 2021.
