FILE PHOTO: British Airways (operated by Comair) and kulula.com ticket sales have also been suspended with immediate effect. PICTURE: African Report
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0 JOHANNESBURG: The flights are suspended pending Comair successfully securing additional funding.
Comair announced late on Tuesday evening that it had to suspend all its kulula.com flights as well as the British Airways flights it operates under a licence agreement.
The flights are suspended pending Comair successfully securing additional funding.
The company’s business rescue practitioners have advised that the process to raise the necessary capital is in progress and that there is reason to believe funding may be secured. Once received, the airline will be able to recommence operations.
British Airways (operated by Comair) and kulula.com ticket sales have also been suspended with immediate effect.
“We deeply regret the inconvenience this suspension will cause our customers. We did everything we could to avoid it. Comair, the BRPs and the lenders are working all out to get the funding in place so that we can resume our normal flight schedule as soon as possible,” says Comair CEO, Glenn Orsmond.
Orsmond reportedly to have said that Comair has about 40% of SA’s domestic aviation market.
The SA Civil Aviation Authority (SACAA) had imposed a precautionary suspension of Comair’s Aircraft Operating Certificate (AOC) in March for five days after what it called “a series of incidents”, including issues with the landing gear indicator on one of the flights.
In December last year, the Competition Tribunal approved FirstRand Bank’s acquisition of Comair’s airport lounges in Johannesburg, Cape Town and Durban to get a cash injection of about R250 million.
Orsmond heads the Comair Rescue Consortium (CRC), comprising several former Comair board members and executives, and was selected as the preferred bidder. The Comair Rescue Consortium also includes, among others, the US-based founders of the Monster energy drink Rodney Sacks and Hilton Schlosberg.
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