Comair, which has grounded its flights with British Airways and Kulula.com, has apologized to its customers and said the move was necessary.
Their flights will be grounded while the airline seeks funding is looking for.
In a statement, the airline said: “The company’s Business Rescue Practitioners (BRPs) have advised that the process to raise the necessary capital is underway and there is reason to believe that a such funding can be secured. Upon receipt, the airline can resume operations, but regrettably, under the circumstances, practitioners have no choice but to voluntarily suspend all scheduled flights until funding is confirmed.” effective immediately.
Comair CEO Glenn Orsmond said: “We deeply regret the inconvenience this suspension will cause our customers. We have done everything to avoid it. Comair, the BRPs and the lenders are doing all they can to raise the financing so we can resume our normal flight schedule as soon as possible.”
He was optimistic that Comair’s financial problems would be resolved soon .
“Comair is an inherently profitable business. We have the two of the best airline brands in the country. We are on track to carry more than four million passengers and generate revenue of R5.3 billion this year. We have excellent staff, a modern fleet, good sales and distribution channels and low operating costs, so we believe funding will be secured.”
The company said it would look after affected passengers who a full refund for their tickets or for those who wish to transfer the tickets for later use.
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