Comair eyes taking off again in December
Struggling airline plans to cut jobs and delist from the JSE as part of proposed business rescue plan
03 September 2020 - 07:30
In what could mark the return of an icon of the SA aviation industry, Comair aims to resume flights in December, cut almost a fifth of its workforce and delist from the JSE as part of a proposed business rescue plan.
Comair filed for the form of bankruptcy protection that allowed it to delay creditors’ claims against it or its assets in May after the Covid-19 pandemic coincided with a weakening operational performance, dealing a mortal blow to the company that was on course to break its more than seven-decade record of annual profits. ..
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