Comair (South Africa) (MN, Johannesburg O.R. Tambo) has secured a majority of creditors' consent to delay the publication of the carrier's business rescue plan after an unspecified "interested group" submitted a non-binding expression of interest on Sunday, June 21.

With the plan now only due to be published on June 30, Business Rescue Practitioners (BRPs) Shaun Collyer and Richard Ferguson will have more time to conduct a due diligence as well as review the offer, which they said constituted cash funding in the form of debt, equity, and post-commencement funding.

"The Practitioners require that this interested group make a binding offer, that can be set out with reasonably sufficient detail in the business rescue plan," they said.

Comair, which operates a British Airways franchise as well as the Kulula Air low-cost brand, entered into business rescue in March after the South African government instituted a nationwide lockdown.

Using the business rescue process, Comair is expected to emerge as a leaner, more efficient organisation, albeit with far fewer aircraft and staff, when it resumes flights, expected in November.