A business rescue plan for South African private-sector airline group Comair has been published and the group’s creditors have until September 18 to examine and decide whether or not to support the plan. Comair operated the British Airways in South Africa and Kulula low cost carrier brands and entered business rescue in early May. The business plan was developed after negotiations with a preferred investor. Part of the plan involves the delisting of Comair from the JSE. The plan also includes the retention of the group’s existing relationships with Boeing, British Airways and Discovery Vitality.
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