Page 36 - Comair News Today

Tourism minister Lindiwe Sisulu said on Thursday the imminent closure of airline operator Comair is unfortunate and will hurt tourism

Bruce Whitfield interviews Marco Visser from Mars Hill Capital, a UK business turnaround firm setting up in South Africa.

Comair failed to secure the cash needed to resume operations. The company’s business rescue practitioners no longer believe it can be saved.

Good news for those who responded to Kulula’s 30% off one-day sale last Tuesday, only to discover that all flights were suspended indefinitely from that night: they will be refunded by the end of this week.

South Africa's oldest private airline Comair will stop operations permanently after its bankruptcy protection lawyers on Thursday filed an application to liquidate the company which had failed to secure funding to stay airborne after being impacted severely by global pandemic-related travel restrictions.

Cash-strapped Comair is headed for liquidation, according to Business Rescue Practitioner Richard Ferguson.

Comair's business rescue practitioners have lodged a court application to convert the business rescue process into liquidation proceedings.

Kulula customers who bought tickets on the May 31 sale will still be refunded, a Comair spokesperson says

Making headlines:; Comair to be liquidated; Gungubele says there is no guarantee the Guptas will be extradited to SA; And, UJ ranks second on the continent and in S Africa

The airline operator had been on the cusp of liquidation due to cashflow challenges.