Comair to be liquidated

June 12, 2022

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Comair's business rescue practitioners have lodged a court application on Thursday to convert the business rescue proceedings into liquidation proceedings. This is because the company could not raise the necessary funding to continue with operations. In a notice, published on Thursday, the BRPs advised creditors that they no longer believe there is a reasonable prospect that the company can be rescued. The BRPs tasked the Comair Rescue Consortium, the current owner, to come up with a practical plan for continued operations by 31 May this year. When this did not happen, the BRPs suspended all Comair's kulula.com and British Airways (operated by Comair) flights on 1 June. Employees and customers who held bookings or were owed refunds will now become creditors of the company. ....

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