Comair flights cancelled, now in liquidation

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Volo
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Re: Comair flights cancelled, now in liquidation

Unread post by Volo »

NKruger wrote: Mon Aug 01, 2022 12:33 pm British Airways reportedly wants new SA partner as it cancels Comair franchise agreement

British Airways has cancelled its franchise agreement with Comair.

The agreement had a cancellation trigger brought about by the provisional liquidation of Comair, provisional liquidator Cloete Murray confirmed on Monday. "It is my understanding that BA is now looking for a new partner in the South African market," said Murray.

London-based British Airways told Fin24 in the past that it is not able to comment on franchise agreements as it involves commercially sensitive information.

Comair operated its own low-cost airline, k ulula.com, and domestic and regional British Airways flights as part of the franchise agreement. Comair accounted for some 40% of the domestic aviation market.

The franchise agreement did not form part of the assets of Comair. Comair used its own planes to operate its BA flights. These planes would have to be repainted if they are used for another purpose.

......................................................................

Its a no brainer -British Airways should partner with SAA as SAA have been given State and executive approval to continue using state funding -Albeit through some tricky backdoor funding so they would have an easy guaranteed ride courtesy of the South African taxpayer, however they should not count on me or other likeminded flying public to fly with them.


Fin24 reported last week that the provisional liquidators received 21 letters of interest from parties who either want to buy the company as a going concern, or buy its assets. The names of the parties interested in the company are not being revealed, because nondisclosure and confidentiality agreements had been signed.

Comair's various operating licences are regarded as the most valuable unsecured assets of the company, while its fleet of aircraft, valued at about R3.5 billion, are encumbered in favour of the secured creditors.

Comair was negatively impacted by factors such as the Covid-19 pandemic and related lockdowns, and went into business rescue in May 2020. More recently, it was hamstrung by an attempt to cancel a contract to buy Boeing 737 MAX planes, as well as rising fuel prices after Russia invaded Ukraine.

The business rescue practitioners had to suspend flights on 31 May this year and apply for provisional liquidation when Comair could not get any further funding necessary to cover operational costs.

https://www.news24.com/fin24/companies/ ... t-20220801
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Re: Comair flights cancelled, now in liquidation

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Re: Comair flights cancelled, now in liquidation

Unread post by Burner »

Comair also has had its air service licence pulled for two years according to this.
https://www.news24.com/amp/fin24/c ... -20220807
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Re: Comair flights cancelled, now in liquidation

Unread post by FAQ »

Burner wrote: Tue Aug 09, 2022 5:24 pm Comair also has had its air service licence pulled for two years according to this.
https://www.news24.com/amp/fin24/c ... -20220807
Something fishy going on here.
The argument for Mango’s licence being revoked is that they haven’t used it for 1 year. Comair only stopped operating 2 months ago.
SAA didn’t operate commercial flights for over a year and their licence wasn’t suspended???????
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Re: Comair flights cancelled, now in liquidation

Unread post by olirindis »

SAA had no operations for less than a year, not over 12 months.
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Re: Comair flights cancelled, now in liquidation

Unread post by FoxTROT »

olirindis wrote: Tue Aug 09, 2022 6:44 pm SAA had no operations for less than a year, not over 12 months.
SAA’s last scheduled flight with fare paying passengers before the first lockdown was 24 March 2020. Scheduled flights only resumed on 23 September 2021 so that is more than 12 months.
In between there were repatriation and vaccine cargo flights (charters) but they were not making use of their Air Service Licence to fly scheduled services with fare paying pax.
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Re: Comair flights cancelled, now in liquidation

Unread post by Alula »

My last flight in Version 1 was in October 2020. The nature of the flight was as per approvals on the AOC and licensing council approved activities. SAA relaunched in September last year.
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Re: Comair flights cancelled, now in liquidation

Unread post by nevilledp »

If you watch WWE, you will recognize Sasha Banks in this pic, in front of an "ex-Kulula"? aircraft. No idea where this was taken, my guess is not in RSA
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Re: Comair flights cancelled, now in liquidation

Unread post by trees »

That is indeed ex ZS-ZWQ now a freighter and flying for CargoAir in Europe. Looks like LZ-CGB under the wing
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Re: Comair flights cancelled, now in liquidation

Unread post by GLF4 »

trees wrote: Wed Aug 10, 2022 4:59 pm That is indeed ex ZS-ZWQ now a freighter and flying for CargoAir in Europe. Looks like LZ-CGB under the wing
Yip, ex ZS-ZWQ now LZ-CGB.
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Re: Comair flights cancelled, now in liquidation

Unread post by Ray W »

LZ- is Bulgaria
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Re: Comair flights cancelled, now in liquidation

Unread post by Burner »

Interesting that it's still wearing a large chunk of Kulula livery. It's been in service with Cargo Air since Dec 21 post freighter conversion, and clearly they haven't had time to change into their livery.

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Re: Comair flights cancelled, now in liquidation

Unread post by richard C »

FAQ wrote: Tue Aug 09, 2022 6:13 pm
Burner wrote: Tue Aug 09, 2022 5:24 pm Comair also has had its air service licence pulled for two years according to this.
https://www.news24.com/amp/fin24/c ... -20220807
Something fishy going on here.
The argument for Mango’s licence being revoked is that they haven’t used it for 1 year. Comair only stopped operating 2 months ago.
SAA didn’t operate commercial flights for over a year and their licence wasn’t suspended???????
I would guess that Comair, in liquidation, would have cancelled their AOC in order to not have to continue with payments for a service they could no longer make use of ?
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Re: Comair flights cancelled, now in liquidation

Unread post by Airplaneguy9 »

Clear prop!
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Re: Comair flights cancelled, now in liquidation

Unread post by Caravan Driver »

News24 headline:

“kulula.com owner up for sale by provisional liquidators”
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