Dave
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Kulula.com owner Comair goes into business rescue
Comair announced on Tuesday that it is unable to operate given the current coronavirus restrictions in place and its board decided the best option to ensure the long-term survival of the company is to implement a business rescue plan.
Shaun Collyer and Richard Ferguson have been appointed as the joint business rescue practitioners.
Comair, the owner of kulula.com and the local operator for British Airways, had said in a cautionary note on 30 April that it expected to only resume operations in either October or November.
The airline has not been in operation since March 17 due to coronavirus curbing flight bans.
www.fin24.com
Comair announced on Tuesday that it is unable to operate given the current coronavirus restrictions in place and its board decided the best option to ensure the long-term survival of the company is to implement a business rescue plan.
Shaun Collyer and Richard Ferguson have been appointed as the joint business rescue practitioners.
Comair, the owner of kulula.com and the local operator for British Airways, had said in a cautionary note on 30 April that it expected to only resume operations in either October or November.
The airline has not been in operation since March 17 due to coronavirus curbing flight bans.
Kulula.com owner Comair goes into business rescue | Business
Comair announced on Tuesday that it is unable to operate given the current restrictions in place, and its board decided the best option to ensure the long-term survival of the company is to implement a business rescue plan.
www.fin24.com
