EDITORIAL: Comair prepares to spread its wings again
One of the biggest employers in the sector is set to return and maintain competitiveness
08 September 2020 - 05:10
With assets exceeding liabilities and an unbroken seven-decade record of grinding out profit, Comair always stood a better chance of emerging from business rescue than its state-owned counterpart.
Even though shareholders such as Allan Gray will walk off with nothing, as they would have if the company was liquidated, the R500m lifeline in exchange for virtually all of Comair will rightly bring back one the biggest employers in the sector and ensure competition in the aviation sector is maintained. ..
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