Comair entered into voluntary business rescue proceedings on 5 May 2020 in order to safeguard the company and its stakeholders.
This was to ensure a focused restructuring of the company as quickly as possible so we could take to the skies again as a sustainable business and again play our part in the country’s airline industry and economy.
Business rescue practitioners Shaun Collyer and Richard Ferguson were appointed on 5 May 2020 and have engaged extensively with affected parties and other key stakeholders as well as potential investors, in developing and publishing an appropriately structured and funded business rescue plan.
The business rescue plan was overwhelmingly adopted by the majority of Comair’s creditors and shareholders on 18 September 2020.
Following this approval, our focus has been on the implementation of the proposed investment together with the operational actions necessary to return Comair to flight, and we confirm that in this regard the proposed investment remains on track.
Comair will start selling flight tickets with kulula.com via its own distribution channels, effective Monday, 9 November 2020 ahead of the planned 1 December take off.
Stay safe until we take to the skies with you again.
Business Rescue Plan & Meetings
Comair’s creditors to vote on the Business Rescue Plan, Friday, 18 September 2020.
Latest SENS Information.
Read the business rescue toolkit by Werksmans.
Statutory business rescue notices and reports are available here.
Creditors Info & Claims
Creditor-related information is available here.