Home
FacebookTwitterSearchMenu
  • Subscribe (free)
  • Subscribe (free)
  • News
  • Features
  • TravelInfo
  • Columns
  • Community
  • Sponsored
  • Contact Us
    • Contact Us
    • About Us
    • Advertise
    • Send Us News

Share

  • Facebook
  • Twitter
  • LinkedIn
  • E-mail
  • Print

Comair sprints towards the finish line

02 Nov 2020
CEO of Comair, Wrenelle Stander 
Comments | 0

Comair has secured the credit it needs to start operating again, plus regulatory approval for the investors to proceed.

This is according to a media release issued October 31. The airline has also secured approval from the Competition Commission for the merging of Comair and SA Bidco, which has effectively acquired Comair. The Competition Commission’s approval is subject to two conditions:

  1. Comair may not initiate further retrenchments as a result of the merger for three years from the flying start date, (unless retrenchments are lawfully effected for operational requirements unrelated to the merger).
  2. Employees who are forcibly retrenched within the current process will have a recall period of three years should jobs become available and these employees be suitably qualified for the roles.

Comair ceo Wrenelle Stander welcomed the recent, significant developments. She said: “We knew that the business rescue process wasn’t going to be easy, however, when the lockdown grounded us and we weren’t able to earn any revenue it was the only way to save the company and most of the jobs. It is very reassuring that we took the right decision at the time.”

Glenn Orsmond, representing the Comair Rescue Consortium, said he was confident that Comair flights would be back in the air in December. He said precise timings and details would be announced in due course.

“We’re immensely grateful for all the support we’ve had from everyone to reach this important point. We’re all looking forward to welcoming the flying public back on board again and for Comair to help rebuild the aviation sector and play our part in South Africa’s economic revival.” 

Flights are due to start in December, and Comair anticipates that the business rescue process will be concluded by March 31 2021, after which Comair will continue to operate as a sustainable business.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.

Cruise pax hit by Irish visa backlog

Today 18:50
Comments | 0

Sandton’s sweetest new stay awaits

Sponsored
Today 18:40

Proflight expands seasonal schedule

Today 18:35
Comments | 0

Hong Kong to increase visa fees

Today 18:30
Comments | 0

2026 opening for ultra-luxury V&A Waterfront hotel

Today 18:25
Comments | 0

Feature: Leisure clients seek meaning in their travel experiences

Today 18:20
Comments | 0

Spain orders Booking.com to remove listings

Today 18:15
Comments | 0

IATA: ‘uneven’ air pax growth for May

Today 18:10
Comments | 0

Train travel round-up

Today 18:05
Comments | 0

Latest Changes on Travelinfo (01Jul'25)

Today 18:00
Comments | 0

TMCs must drive NDC education efforts

Yesterday
Comments | 0

Ethiopian resumes Tel Aviv flights

Yesterday
Comments | 0

Last chance to book your spot at Thirstys!

Yesterday
Comments | 0
  • Load more

FeatureClick to view

MICE in cruising July 2025

Poll

Are clients shying away from Middle Eastern travel hubs?
  • © Now Media
  • Privacy Policy
  • Travel News on Facebook
  • eTNW Twitter
  • Travel News RSS
  • Contact Us
  • About Us
  • Advertise
  • Send Us News