Page 30 - Comair News Today

In terms of the Insolvency Act, commercial banks or lenders are usually first to receive any money owing to them. Next in line will be Comair employees and the SA Revenue Service (SARS). At the back of the queue are those who were unable to use their tickets before the carrier crashed and burne...

Africa Melane spoke to Guy Leitch - SA Flyer magazine editor.

Relebogile Mabotja spoke to legal expert - Roxanne Webster - also a director in the Business Rescue, Restructuring & Insolvency sector at Cliffe Dekker Hofmeyr, about key things to know about business rescue.

Tourism Business Council CEO Tshifhiwa Tshivhengwa says the liquidation of Comair could prove a major blow for the sector.

Tourism Business Council South Africa CEO Tshifhiwa Tshivhengwa talks about the provisional liquidation of Comair.

Airline operator Comair has expressed an urgent need for a liquidator to take control of the companys assets.

Tourism Business Council of South Africa CEO Tshifhiwa Tshivhengwa says the liquidation of Comair could prove a major blow for the sector.

The provisional liquidation of Comair raises the question of what will happen to its franchise agreement with UK flag carrier British Airways.

<p>The provisional liquidation of Comair raises the question of what will happen to its franchise agreement with UK flag carrier British Airways.</p>

Comair is placed in provisional liquidation and it has become of key importance for Comair to preserve its fleet for the benefit of creditors, according to its rescue practitioners.