South African private sector airline group Comair, currently under business rescue, has welcomed the approval of its proposed merger (with a company called SA Bidco) by the Competition Commission. This merger is part of the business rescue plan for the airline. SA Bidco is a recently created company that has no commercial operations; it was set up by former Comair executives and board members specifically to fulfil the business rescue plan. The Commission’s approval is conditional on the ...
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