COMAIR in bid for more time to publish rescue plan

South African carrier  COMAIR is looking to extend the deadline for publishing a business rescue plan as the firm wants to examine a potential bid received late Sunday night, according to a statement published on the firm’s website. COMAIR entered voluntary business rescue proceedings on 5 May 2020 when administrators were appointed as per the South African Companies Act 2008, as the business rescue practitioners for the Company. Section 150(5) of the Companies Act requires that the business rescue plan for COMAIR must be published within 25 business days after the date on which the admonitors were appointed, or such