It may have disappeared from the JSE (for now), but Comair this week returned to active service, as kulula flights resumed on Tuesday after the company was placed in business rescue earlier this year. Comair’s new backers — most of them private individuals — agreed to pump in R500m in return for a 99% share in the business. But the airline, which until 2020 had had an unbroken 74 years of profitability, will still need an extra R1.4bn from lenders. Given a resurgence in the number of Covid cases, it will be a while before business returns to pre-pandemic levels. We spoke to Glenn Orsmond, who was named CEO this week on the departure of Wrenelle Stander.
Has it been a long slog?..
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