South Africa carrier grounds flights after running out of money

Comair, the British Airways flight operator in South Africa has grounded all of its planes after running out of money to keep business moving.

The carrier, which is under administration, also operates budget airline Kulula. Those planes are also grounded, with ticket sales for both airlines suspended.

An aircraft from South African low-cost airline Kulula, owned by Comair, takes off from Cape Town International airport September 15, 2015 [File: Mike Hutchings/Reuters]

Comair said its administrators “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,”.

At the height of the COVID-19 lockdown in May 2020, Comair filed for voluntary business rescue, similar to bankruptcy protection.

By February this year, the company, which operates a fleet of 26 Boeing jets, mainly 737-800s, had resumed most flights.

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