Page 37 - Comair News Today

<p>Comair could not raise the necessary funding to continue with operations, according to a notice to creditors.</p>

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

South Africas 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...

Thousands of metalworkers in Spain continue strikes for new collective agreements, joined by teacher walkouts over work conditions; thousands of German steelworkers and dockers at six ports join warning strikes over pay; construction workers building new Metro and transport workers in Thessaloniki, Greece demand protection from Covid-19 after outbreak; protests by workers in Palestinian West Bank as prices rise 30 percent since March; after isolating three-month strike at South African Sibanye-S...

Business practitioners say there is no ‘reasonable prospect’ of the airline being saved

<p>Comair could not raise the necessary funding to continue with operations, according to a notice to creditors.</p>

South Africa's oldest private airline Comair will stop operations permanently after lawyers on Thursday filed an application to liquidate the company.

Comair, which grounded its British Airways (domestic) and Kulula flights a week ago due to a funding crunch, has failed to raise the cash it needs to return to the air.

An iconic airline is in deep trouble, due to a combination of factors, which include mismanagement, ill-timed decisions, Covid-19 and a complete lack of all-important aircraft maintenance procedures.

Kulula.com and British Airways flights have been permanently grounded. Comair which operates them has filed for liquidation.