South African carrier Comair’s rescue practitioners are still trying to work through the details of an expression of interest in the airline, and are seeking to postpone further the publication of a business plan.
They are requesting creditor approval to push back the publication date from 30 June to 28 July.
After receiving the expression of interest on 21 June, the practitioners have been engaged in examining “certain legal complexities” necessary to develop it, they state.
They add that, until these issues are clarified and resolved with the interested party, no business plan can be published that will have all the information necessary to assist with a decision on whether to accept it.
Comair entered the business rescue process on 5 May. The airline is unlikely to resume services until near the end of this year, and its fleet will probably be heavily cut.
