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They say the terms of the offer must now be incorporated into a business rescue plan.
British Airways planes at OR Tambo International Airport. Image: Winnie Theletsane / EWN.
JOHANNESBURG – Comair’s business rescue professionals (BRPs) say they have received a final binding offer from preferred investors.
They say the terms of the offer must now be incorporated into a business rescue plan.
Comair’s business rescue professionals said they were seeking the consent of the majority of creditors to extend the publication date of the plan until next Wednesday.
Business Maverick reported that a group of investors had come to Comair’s rescue by making an offer to inject R500 million into the operator of the JSE-listed airline.
He reported that the group of investors is made up of people linked to the family that founded Comair 77 years ago.
Comair, which operates Kulula and British Airways flights in South Africa and has been among the airlines struggling to survive.
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