South Africa's Comair reveals its business rescue plan

S. Africa's Comair's shares, assets, brands put up for sale

Offers are being invited for the share capital of provisionally-liquidated Comair (South Africa), as well as its budget Kulula Air brand, trademarks, air operator's certificate (AOC), and domestic air service license, reports News24.

Chris Monyela of provisional liquidators Sechaba Trust informed the newspaper the administrators had obtained a High Court order lifting the suspension of Comair's domestic operating license, enabling them to complete their statutory duties to dispose of the company's assets.

In January, Sechaba Trust secured a court order extending the court return date for the airline's final liquidation to June 30, 2023, to allow for enough time to advance a potential sale of the company. In an affidavit in December 2022, the provisional liquidators said they had been approached by an unnamed party which was interested in buying the company, including the licenses and intellectual property such as the kulula.com brand. The potential buyer was due to conduct due diligence, expected to take up to four months.

The Department of Transport cancelled Comair's international air service license. It suspended its domestic license, which...

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Gaborone budgets for sale of Air Botswana

Botswana’s government is budgeting for the sale of national carrier Air Botswana (BP, Gaborone), according to a recent disclosure to the country's parliament by Transport Minister Eric Molale.

A budget has been put in place through the Transitional National Development Plan (TNDP) for the financial years 2023/24 and 2024/25, he said, which will ultimately result in the sale of the ailing airline, The Sunday Standard newspaper reported.

While the sale would not be immediate, Molale said the government, in the meantime, had directed that a strategic partner be sought for Air Botswana.

He reiterated that the national carrier was implementing a restructuring plan aimed at operational excellence, recovery, growth, and financial sustainability. “While the immediate plan is for the airline to get a strategic partner, these strategic objectives are still aligned with its privatisation agenda,” he said.

As part of its restructuring, the technically insolvent carrier has been looking at measures to become more efficient and competitive, including introducing new regional routes, maintaining international safety standards, and improving its on-time performance (OTP). It has...

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