Tag Archives: Kulula (kulula.com)

Comair and Kulula to be liquidated, was unable to secure funding

Comair and its low-fare subsidiary will be liquidated. The airline group was not able to find new investors.

Comair also operated as a British Airways franchise in South Africa.

The airline issued this statement:

Comair’s business rescue practitioners have on June 9, 2022 lodged a court application to convert the business rescue proceedings into liquidation proceedings.

One of the BRPs, Richard Ferguson, says with its two airline brands – British Airways (operated by Comair and kulula.com), market share, modern aircraft fleet, experienced employees, sales and distributions channels Comair was an inherently viable business. Unfortunately, though, despite their best efforts the BRPs had been unable to secure the capital required for the airline to recommence operations.

“We did our utmost to secure the funding, but when we were unable to do so had no option to lodge the application. It is an extremely sad day for the company, its employees, its customers and South African aviation.” After entering business rescue, Comair was able to start flying again when the Comair Rescue Consortium (CRC) invested R500m for a 99% share of the equity in the company at the time.

Although the amounts indicated by the business rescue plan were invested, the Company unfortunately faced unforeseen headwinds including three further COVID-related air travel lockdowns inter alia the “Red Listing” of South Africa by certain European countries, notably the United Kingdom, the suspension of the Company’s AOC in March 2022 by the regulator as well as significantly high fuel prices experienced in the past five months. Each of these events had a material negative impact on the business. The CRC were only able to finance the impact of these events up to a certain point.

The BRPs ongoing requests to the CRC to provide a plan to raise the further funding necessary to absorb the balance of these and other future potential economic shocks were not successful. In the circumstances, the BRPs approached other lenders to raise the funding required. Regrettably when this funding could not be secured before the existing funding was exhausted, scheduled flight operations were suspended on 31 May 2022.

Comair’s BRPs continued the process to secure additional funding from other sources but despite several parties expressing interest, they were unable to secure sufficient substantive commitment.

Ferguson said that the company’s employees and customers who held bookings or were owed refunds will now become creditors of the Company.

Kulula Route Map:

British Airways (Comair) aircraft photo gallery:

Kulula aircraft photo gallery:

 

Comair suspends all flights pending additional funding

Comair has announced that regrettably it is obliged to suspend all British Airways (operated by Comair) and kulula.com flights from Tuesday evening, May 31, 2022 pending successfully securing additional funding.

The company’s business rescue practitioners (BRPs) have advised that the process to raise the necessary capital is in progress and that there is reason to believe such funding may be secured. Once received, the airline will be able to recommence operations, but regrettably under these circumstances, the practitioners have no choice but to voluntarily suspend all scheduled flights until the funding is confirmed.

British Airways (operated by Comair) and kulula.com ticket sales have also been suspended with immediate effect.

British Airways (Comair) aircraft photo gallery:

Kulula aircraft photo gallery:

Comair’s AOC is reinstated

 

British Airways (operated by Comair) and Kulula.com flights will start operating again tomorrow (March 17) following the South African Civil Aviation Authority (SACAA) reinstating Comair’s Air Operators’ Certificate.

Comair’s aircraft are now grounded indefinitely

First MAX 8 for Comair (South Africa), delivered February 26, 2019

Comair issued this statement:

 

Comair is unable to confirm when it will start flying again as the South African Civil Aviation Authority (SACAA) has indefinitely suspended its operating license until such time as the SACAA has had time to review and satisfy themselves that the items are closed.

 

This is despite the airline working through the night to provide documentation the SACAA had requested following a review of certain policies, systems and procedures.

Comair was advised of a 24-hours suspension to its license on the morning of 12 March. That afternoon the CAA requested additional information, which Comair provided overnight and into the early morning of 13 March 2022.

“We have since received an acknowledgment that the information has been received, but no other formal communication has been received to date. In the interim the CAA has issued a press release saying it will be reviewing and assessing the documents provided,” says Glenn Orsmond, Comair CEO.

“This is a huge blow to our customers, employees and the flying public as it effectively takes 40% of the capacity out of the market. The implications for the aviation sector and the country are considerable should the suspension continue for any length of time.”

He says the airline is continuing to engage the SACAA in a bid to get the suspension lifted but has been forced to cancel flights indefinitely as it cannot say when this may be.

“Our priority now is to assist passengers who have been stranded. We have chartered two aircraft to assist vulnerable passengers and those who most urgently need to travel.”

Customers will be kept informed via SMS.

Route Map:

Top Copyright Photo: British Airways-Comair (South Africa) Boeing 737-8 MAX 8 ZS-ZCA (msn 60432) BFI (Joe G. Walker). Image: 945738.

British Airways-Comair aircraft slide show:

British Airways-Comair aircraft photo gallery:

All Comair flights in South Africa are grounded

Airline Color Scheme - Introduced 2012

Comair Limited has been grounded for 24 hours by Civil Aviation Authority. This affects British Airways franchise flights and Kulula flights.

Three of the Comair’s aircraft were involved in mid-air emergencies in the last month.

Comair issued this statement on social media:

Top Copyright Photo: Kulula (kulula.com) Boeing 737-8LD WL ZS-ZWF (msn 40856) BFI (Steve Bailey). Image: 929703.

Kulula aircraft slide show:

Kulula aircraft photo gallery: