Comair (South Africa)
Johannesburg-based Comair Limited was a South African airline offering regional services to destinations in South Africa, Mauritius, Namibia, Zambia and Zimbabwe. Since 1998 Comair has operated as a South African franchise of British Airways, operating much of its services under the British Airways brand and with bookings available through the BA website. Comair also wholly-owned the Johannesburg-based South African LCC kulula.com, which offered an extensive domestic and regional network.
All capacity figures only include flights operated under the Kulula brand (MN code). Flights operated under the BA brand and BA code are not counted.
In May-2020, Comair entered business rescue proceedings after the impact of the coronavirus pandemic and the resulting lock down in South Africa disrupted its existing turnaround plans.
In Sep-2020, Comair adopted a business rescue plan. The business rescue process was expected to conclude by 31-Mar-2021.
Comair's listing was removed from the Johannesburg Stock Exchange on 07-Apr-2021. The company's shares were suspended from trading when it commenced business rescue proceedings on 05-May-2020.
In Sep-2021, Comair reported capital inflows of ZAR270 million (USD19 million).
Comair's business rescue practitioners (BRP) lodged a court application on 09-Jun-2022 to convert the company's business rescue proceedings into liquidation proceedings. New funding could not be secured before the existing funding was exhausted, resulting in the suspension of scheduled operations on 31-May-2022. The BRPs continued the process to secure funding from other sources but were unable to secure sufficient commitment.
In Dec-2022, South Africa's South Gauteng High Court postponed the hearing to determine whether Comair should be placed into final liquidation until Jun-2023.
CAPA Profiles help you identify new business opportunities and make better business decisions, by providing accurate and up-to-date data on airports, airlines, suppliers, investors, MROs, lessors and countries/territories around the world. Each profile offers comprehensive news and analysis, as well as the ability to drill down into data on schedules, capacity share, fleet, traffic, financial results and more.Become a CAPA Member
Our full profiles are only available to CAPA Members. CAPA Membership provides exclusive access to the information you need to monitor the competitive landscape and guide your organisation towards success.
It’s ideal for industry analysts, managers and executives who need a snapshot of the latest news, analysis and data from our global team, with the ability to export or email PDF reports in one click.
- 5000+ airports
- 3000+ airlines
- 1600+ suppliers
- 800+ airport investors
- 250+ countries/territories and regions
- And more
CAPA Membership also gives you access to a customised selection of more than 1,000 global News Briefs every week, as well as a comprehensive Data Centre, Analysis Reports and Research Publications. You can also choose from our range of premium add-ons, including Route Maps, Fleet Data and more.