All Comair (South Africa) articles
-
NewsComair on the brink after failing to secure fresh funding
Grounded South African operator Comair is set to be liquidated as the carrier’s administrators have concluded there is “no reasonable prospect” it can be rescued after failing to secure the necessary additional funding.
-
NewsComair forced to suspend flights as it seeks fresh funds
South African carrier Comair has suspended scheduled flights as it bids to secure additional funding to enable it to resume services.
-
NewsSouth African regulator suspends LHT’s international unit as impact of Comair probe widens
South Africa’s aviation regulator has temporarily suspended the aircraft maintenance organisation approval of Lufthansa Technik Maintenance International (LTMI) pending the resolution of two outstanding issues raised in a recent audit.
-
NewsComair starts restoring services after regulator lifts AOC suspension
South African authorities have lifted the suspension of carrier Comair, satisfied that the airline has addressed safety concerns which forced its grounding for five days. Comair was grounded after an audit following an audit which commenced on 7 March. The audit had been initiated after a “spate of occurrences”, says ...
-
NewsComair unable to say when flights will resume after regulator suspends AOC
South African carrier Comair has submitted documentation aimed at enabling it to resume operations after the country’s aviation regulator indefinitely suspended the airline’s operating licence in relation to ”a spate of occurrences” affecting a number of flights.
-
NewsComair recovery bolstered by capital inflows
South African carrier Comair has secured capital inflows of R270 million ($19 million) following the sale of its SLOW Lounge business to FirstRand Bank for R250 million and the receipt of a R20 million payment from South African Airways (SAA).
-
NewsSouth African Airways and Comair to restart flights in September
South African Airways plans to resume passenger flights on 23 September, restoring services after a major restructuring and the continued impact of the pandemic on air travel demand.
-
NewsComair delists to access government-backed financing
South African carrier Comair is delisting from the Johannesburg stock exchange in a move which will allow it to access government-backed financial support.
-
NewsEthiopian Airlines wins Decade of Airline Excellence Award for Africa region
Recipient of the Decade of Airline Excellence Award for the Africa region, sponsored by Eways Aviation.
-
NewsComair chief Stander steps down ahead of restart
Comair chief executive Wrenelle Stander has stepped down ahead of the South African carrier’s resumption of services tomorrow after its grounding because of the global pandemic and a subsequent formal restructuring.
-
NewsSouth Africa's Comair to restart with 15 aircraft on 1 December
South African carrier Comair will initially operate 15 aircraft across its two airline brands when it restarts flights from 1 December.
-
NewsComair restart hopes boosted by competition commission backing
Comair’s efforts to resume operations have been bolstered after competition regulators backed a consortium’s proposed bid to acquire the South African carrier from business rescue.
-
Airline BusinessSouth Africa’s airline sector can overcome challenges
The country has been hit hard by Covid-19, exacerbating connectivity challenges created by SAA’s retrenchment, but there is hope that the sector will recover, writes Zuks Ramasia, chief executive of the Board of Airline Representatives of South Africa
-
NewsInvestment consortium aims to restart Comair in December
South African carrier Comair’s business rescue plan envisages a consortium of investors taking a 99% shareholding in the company, and restarting services around 1 December. Some 1,800 jobs will be retained – although 400 will be shed – and the airline will resume operations with a fleet of 25 aircraft. ...
-
NewsComair receives binding offer as it finalises business plan
South African carrier Comair’s rescue practitioners have received a binding offer from the preferred investors for the company. As a result, the practitioners are seeking creditors’ consent for a further extension to the deadline to publish the business rescue plan for the operator. Comair, which operates as a British Airways ...
-
NewsComair business plan pushed back as rescuers work to firm up offers
South African carrier Comair’s rescue practitioners have disclosed that a potential deal with an interested consortium has fallen through, but are pushing back publication of a business plan to provide time to consider other approaches. Publication of the business plan had been due on 28 July after an expression of ...
-
NewsComair rescue attracts several expressions of interest
Four expressions of interest have been received by advisers to South African carrier Comair’s business rescue process. The company’s rescue practitioners state that the adviser, Redford Capital, has received 19 signed confidentiality agreements having “engaged” with 47 parties since the process began. Comair was placed under business rescue in May. ...
-
NewsComair rescuers seek time to scrutinise expression of interest
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 ...
-
NewsComair rescuers seek time to consider funding offer
South African carrier Comair’s rescue practitioners are exploring a potential offer of funding for the airline, and are seeking a further postponement to publication of a business plan. The practitioners have not identified the group behind the non-binding expression of interest. But they state that the offer of cash funding ...
-
NewsComair to cut fleet and remain inactive until November
South African carrier Comair requires a substantial cash injection and is unlikely to resume operations until at least November. Its fleet will also be reduced to 16 aircraft, comprising 13 Boeing 737-800s and three spare 737-400s. The airline’s business rescue practitioners have outlined the situation to creditors and employee representatives. ...