Comair has listed assets worth at least R3.5bn as its business rescue practitioners lodge a court application to wind down the company that was once hailed as the gold standard of SA aviation after failing to secure half-a-billion rand to stay afloat.
In court papers filed as part of the liquidation application, which is scheduled to be heard on Tuesday, Richard Ferguson, one of Comair’s business rescue practitioners, said there is an urgent need to put its assets, mainly its aircraft fleet, under a court-appointed liquidator to preserve their value for creditors as Comair is unable to meet any of its debt obligations...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DA blames Comair liquidation on govt’s ‘inconsistency’ and ‘careless manner’The DA has blamed the liquidation of airline company Comair on what is calls 'government's inconsistency and careless manner in the closing and opening of the country's borders'. It won’t surprise me. The fcuked up SAA handicapping and sabotaging its opposition. This is how this gangster government rolls. Or lack of adaptability. The old way is not always best. Also the CEO presided over 3 other failed airlines and the board saw fit to appoint him in that position. How about because he is white that piece of history was overlooked. Government won't give them a bailout, they wanna keep ticket sales for SAA
Source: ewnupdates - 🏆 30. / 53 Read more »
DA blames Comair liquidation on Govt's handling of SA bordersDA blames Comair liquidation on Govt's handling of SA borders The DA has placed partial blame of Comair’s liquidation on the way in which Government handled the borders during previous lockdowns.
Source: TheSAnews - 🏆 25. / 59 Read more »
Comair liquidation could see domestic travellers paying up to four times more | The CitizenFlySafair chief marketing officer Kirby Gordon tells Moneyweb that since news of Comair’s permanent grounding went public, the airline has seen an uptick in flight prices. As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo. I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
How to get a kulula.com or BA refund from ComairThe liquidation order has not yet been granted, but many financial services providers are already actioning refunds. Moneyweb Comair Kulula These guys are a frigging disgrace!! They screwed us every time we tried to fly!! Manipulated their seating and pricing so they deserve to ne liquidated!! They blocked seats and gave preferential treatment to some clients!!
Source: Moneyweb - 🏆 5. / 77 Read more »
BUSISIWE MAVUSO: Comair downed by competition, but no such pressure on TransnetThe gap left by Comair will be filled by competitor operators, which is something our freight transport system needs
Source: BDliveSA - 🏆 12. / 63 Read more »
Domestic travel could cost up to four times more after Comair groundingWith Comair’s Kulula and British Airways aircrafts out of the skies, domestic air travellers should be prepared to pay up to three to four times more for their flight tickets. How does this equate to 3 or 4 times more for tickets...300 to 400 percent increase because around 30 to 40 % of of flights are gone Who indicated that prices would increase by this amount? Fly_Airlink FlySafair Plural of aircraft is…aircraft. Good grief, Moneyweb. As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo.
Source: Moneyweb - 🏆 5. / 77 Read more »