Comair receives rescue plan funding, repays financiers

Comair (South Africa) issued (05-Jan-2021) the fourth status report on its business rescue proceedings. Details include:

• Aviation operations resumed on 01-Dec-2020;
• The company has received both equity and debt funding under the rescue plan. Financiers that assisted the company in managing itself out of financial distress have been repaid. Alternatively, the company's indebtedness has been merged into existing facilities;
• All remaining creditors are required to lodge claims by 01-Feb-2021. [more - original PR]