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...
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Comair flies into liquidation with assets of R3.5bnLiquidation application for former 'gold standard' airline to be heard on Tuesday
Source: BDliveSA - 🏆 12. / 63 Read more »
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 »
Comair liquidation could see domestic travel cost up to four times more[ICYMI] With Comair’s Kulula and British Airways aircraft out of the skies, domestic air travellers should be prepared to pay three to four times more for their flight tickets. Moneyweb Kulula BritishAirways 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. Few months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable.
Source: Moneyweb - 🏆 5. / 77 Read more »
Comair liquidation | Expect to pay more for flights, expert warnsWith fuel price hikes and the rise in ticket prices due to Comair's liquidation, it's a double whammy for flyers. Shame those poor millionaires that fly everywhere. I will definitely cry for them
Source: eNCA - 🏆 49. / 51 Read more »