Comair runs out of cash, suspends flights
Comair, the operator of domestic airlines British Airways and Kulula.com, has suspended flights due to a lack of funding
This is the latest in a series of financial difficulties.
In May 2020. shortly after the start of the Covid pandemic, the operator entered business rescue citing financial challenges.
On Tuesday the company’s business rescue practitioners said it is in the process of raising the necessary capital to resume flights.
"Once received, the airline will be able to recommence operations, but regrettably, under these circumstances, the practitioners have no choice but to voluntarily suspend all scheduled flights until the funding is confirmed," it said in a late-night statement.
British Airways and kulula.com ticket sales have also been suspended with immediate effect.
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“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,” said Comair CEO, Glenn Orsmond.
Comair says affected customers will receive a full refund for their tickets or the option of a Travel Bank credit.
