Comair enters business rescue

South African carrier, Comair will enter into business rescue to safeguard the interests of the company and its stakeholders after the Covid-19 crisis disrupted the implementation of a turnaround plan. Comair chief executive, Wrenelle Stander, said the company, which reported a half-year loss of R564 million for H1 F20, faced an unprecedented situation following the Covid-19 lockdown. “While we had started making good progress to fix the financial situation six months ago, the crisis has meant we have not been able to implement it as we intended.” “We completely understand and support the government’s reasons for implementing the lockdown, however