All Comair (South Africa) articles
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NewsComair recovery bolstered by capital inflows
South African carrier Comair has secured capital inflows of R270 million ($19 million) following the sale of its SLOW Lounge business to FirstRand Bank for R250 million and the receipt of a R20 million payment from South African Airways (SAA).
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News
South African Airways and Comair to restart flights in September
South African Airways plans to resume passenger flights on 23 September, restoring services after a major restructuring and the continued impact of the pandemic on air travel demand.
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News
Comair delists to access government-backed financing
South African carrier Comair is delisting from the Johannesburg stock exchange in a move which will allow it to access government-backed financial support.
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News
Ethiopian Airlines wins Decade of Airline Excellence Award for Africa region
Recipient of the Decade of Airline Excellence Award for the Africa region, sponsored by Eways Aviation.
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News
Comair chief Stander steps down ahead of restart
Comair chief executive Wrenelle Stander has stepped down ahead of the South African carrier’s resumption of services tomorrow after its grounding because of the global pandemic and a subsequent formal restructuring.
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News
South Africa's Comair to restart with 15 aircraft on 1 December
South African carrier Comair will initially operate 15 aircraft across its two airline brands when it restarts flights from 1 December.
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News
Comair restart hopes boosted by competition commission backing
Comair’s efforts to resume operations have been bolstered after competition regulators backed a consortium’s proposed bid to acquire the South African carrier from business rescue.
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Opinion
South Africa’s airline sector can overcome challenges
The country has been hit hard by Covid-19, exacerbating connectivity challenges created by SAA’s retrenchment, but there is hope that the sector will recover, writes Zuks Ramasia, chief executive of the Board of Airline Representatives of South Africa
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News
Investment consortium aims to restart Comair in December
South African carrier Comair’s business rescue plan envisages a consortium of investors taking a 99% shareholding in the company, and restarting services around 1 December. Some 1,800 jobs will be retained – although 400 will be shed – and the airline will resume operations with a fleet of 25 ...
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News
Comair receives binding offer as it finalises business plan
South African carrier Comair’s rescue practitioners have received a binding offer from the preferred investors for the company. As a result, the practitioners are seeking creditors’ consent for a further extension to the deadline to publish the business rescue plan for the operator. Comair, which operates as a ...
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News
Comair business plan pushed back as rescuers work to firm up offers
South African carrier Comair’s rescue practitioners have disclosed that a potential deal with an interested consortium has fallen through, but are pushing back publication of a business plan to provide time to consider other approaches. Publication of the business plan had been due on 28 July after an expression ...
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News
Comair rescue attracts several expressions of interest
Four expressions of interest have been received by advisers to South African carrier Comair’s business rescue process. The company’s rescue practitioners state that the adviser, Redford Capital, has received 19 signed confidentiality agreements having “engaged” with 47 parties since the process began. Comair was placed under business rescue ...
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News
Comair rescuers seek time to scrutinise expression of interest
South African carrier Comair’s rescue practitioners are still trying to work through the details of an expression of interest in the airline, and are seeking to postpone further the publication of a business plan. They are requesting creditor approval to push back the publication date from 30 June to ...
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News
Comair rescuers seek time to consider funding offer
South African carrier Comair’s rescue practitioners are exploring a potential offer of funding for the airline, and are seeking a further postponement to publication of a business plan. The practitioners have not identified the group behind the non-binding expression of interest. But they state that the offer of ...
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News
Comair to cut fleet and remain inactive until November
South African carrier Comair requires a substantial cash injection and is unlikely to resume operations until at least November. Its fleet will also be reduced to 16 aircraft, comprising 13 Boeing 737-800s and three spare 737-400s. The airline’s business rescue practitioners have outlined the situation to creditors and ...
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In depth
Coronavirus pushes fragile African carriers closer to the edge
While no region has escaped the impact of the coronavirus grounding, arguably its most immediate damage has been felt among Africa’s already struggling carriers.
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News
Rescuers believe Comair has ‘reasonable’ chance of survival
South African carrier Comair’s business rescue practitioners believe there is a reasonable chance of the Johannesburg-based airline’s being saved. The airline’s board opted to enter business rescue on 4 May. Practitioners Shaun Collyer and Richard Ferguson met with creditors and employees on 19 May to outline the carrier’s ...
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News
Mango 737 ground-collision crew opted against safer taxi route
South African investigators have stated that Johannesburg airport ground control should have instructed pilots of a Mango Boeing 737-800 to deviate from a taxiway, rather than give them the option, before the aircraft struck a taxiing Comair jet. But the inquiry into the incident, on 19 April last year, ...
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News
South Africa’s Comair files for business rescue
South African carrier Comair has become the latest operator in the country to enter business rescue, as it aims to restructure to deal with the coronavirus crisis. Comair made a pre-tax loss of R645 million ($35 million) for the six months to 31 December. “While we had started ...
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News
Comair expects to remain grounded until at least October
South Africa’s Comair is in “a very difficult financial position” due to coronavirus-related travel restrictions and does not anticipate being able to resume flights until October or November, the carrier has disclosed.
