HILARY JOFFE: High-flying business rescue plan sank Comair
Efforts to restructure the airline with an overly ambitious business model came too late
14 June 2022 - 17:57
As Comair heads into liquidation this week, it’s worth reflecting on a couple of the big-picture questions raised by the demise of an airline that for seven decades was SA’s most successful.
The first is the question of business rescue and what makes it work — or not — to save a company like Comair that gets itself into financial distress in a difficult industry at a difficult time...
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