Comair wings to be clipped permanently – rescue practitioners no longer believe it can be saved

  • 📰 TheSAnews
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 59%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Comair wings to be clipped permanently – rescue practitioners no longer believe it can be saved Comair failed to secure the cash needed to resume operations. The company’s business rescue practitioners no longer believe it can be saved.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 25. in ZA

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.

Comair fails to get money, business rescue practitioners believe it can't be saved | Fin24JUST IN | Comair could not raise the necessary funding to continue with operations, its business rescue practitioners announced on Thursday. | Fin24 Fin24 I'm desperate for any employment. I'm willing to be a slave boy or a servant too. Just for my kids🙏. My children are suffering because I struggle to put food on the table for them😭. Last night they slept hungry and that broke me as a father💔. Fin24 The R51 gang must buy this one as well Fin24 You mean they couldn't raise the necessary funding to appease the overlords in the country, looking after their own SAA interests?
Source: News24 - 🏆 4. / 80 Read more »

Comair set to permanently exit the skies as no angel investors step upComair, which grounded its British Airways (domestic) and Kulula flights a week ago due to a funding crunch, has failed to raise the cash it needs to return to the air. I thought u said privatization works, what is this now🤣🔥😹 Sociopaths and Psychopaths call themselves Angel Investors and VC's to achieve their feelings of great power and to seek pleasure in torturing those who seek funding for their startup - some will say that they don't fund your type of business, but most stay no contact!
Source: TimesLIVE - 🏆 28. / 59 Read more »

Comair: Not yet cleared for take-offComair is working to strike deals and to regain customers’ confidence.
Source: FinancialMail - 🏆 20. / 63 Read more »

Comair is weeks away from liquidation - Numsa tells workersThis follows a tense stakeholder meeting with unions, Comair’s CEO Glenn Orsmond and the business rescue practitioners at the airline’s Kempton Park offices on Tuesday afternoon where the struggling airline’s fate was discussed. Cool. Cool cool cool. Discovery_SA can we request reversals of credit card payments made to kulula since their policy is a 100% cancellation fee and I need to rebook flights? Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks Williamchurch07
Source: ewnupdates - 🏆 30. / 53 Read more »

Comair suspension: Airlink to assist British Airways domestic passengersComair says its British Airways customers who have been affected by the suspension can rebook with Airlink at no additional cost, subject to availability. MoneywebNews
Source: Moneyweb - 🏆 5. / 77 Read more »

These flight routes are under strain in South Africa right now after Comair groundingThe grounding of Kulula and British Airways flights has left a 40% gap in domestic seat capacity leaving other airlines to try and adjust.
Source: BusinessTechSA - 🏆 24. / 61 Read more »