BusinessLive reports that the business rescue practitioners (BRPs) for Comair, which operates Kulula.com and British Airways flights in SA, said on Tuesday that they were in talks with funders and that the company was unlikely to resume operations before November.  

The BRPs have begun discussions with six of the 30 potential funders approached to help recapitalise the company.  Comair went into business rescue in May, after which the BRPs indicated that there was a reasonable chance the business could be saved.  They have now advised that the proposed business rescue plan would include slimming down Comair’s aircraft fleet as that “would be more in keeping with what the company could afford to operate and demand for air travel post the Covid-19 crisis.”  The BRPs plan to have largely implemented the rescue plan by March 2021.  The airline operator has opted to continue to ground its aircraft despite the easing of lockdown restrictions on air travel from 1 June.  Comair’s employees have meanwhile been placed on unpaid leave and BRP Shaun Collyer advised that retrenchment proceedings were ongoing.

• Read the full original of the report in the above regard by Odwa Mjo at BusinessLive

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