“Now that an expression of interest has been received, a due diligence investigation and further negotiations will take place. The practitioners require that a binding offer be made so sufficient details of this can be included in the business rescue plan,” Comair said.
Comair, which operates British Airways flights in SA and kulula, entered business rescue on May 5.
The practitioners, Shaun Collyer and Richard Ferguson, had originally aimed to publish the plan on June 9 but then asked for this to be extended until Tuesday.
“The practitioners have asked creditors to extend the publication date for the business rescue plan for a week until June 30 2020 while talks continue.”