Nine days after South African airline group Comair stopped flying after running out of money to continue operating, the group’s Business Rescue Practitioner (BRP) announced today (June 9th) that Comair will be liquidated as it failed to secure enough funds to resume operations.
According to the BRP Alan Ferguson, contributing to the shutdown were the Covid-19 pandemic, high fuel prices and a lack of customer trust after its earlier brief suspension of service after insufficient safety measurements were discovered at the group, but it was subsequently reinstated by the South African regulators.
Comair, which was operating under the British Airways franchise, and its low-cost subsidiary Kulula were the largest airline group in South Africa with a combined 40% market share. At the time of shutting down, the combined Comair and Kulula fleet consisted of 22 Boeing 737 family aircraft. Comair had been operating for 76 years.
Jan-Hendrik is an aviation enthusiast from Germany, loves to travel the world and fly on as many aircraft as possible. His first flight was with a Condor 757 to Spain and has been interested in aviation ever since. His fields of expertise are aircraft accidents and passenger experience (PaxEx).