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Comair business rescue practitioners' seek business rescue extension
A non-binding expression of interest for cash funding is the result of discussions held between Comair's business rescue practitioners and potential funders.
The business rescue practitioners confirmed on 2 June they were in discussions with funders to recapitalise the airline in order to resume domestic passenger operations by 1 November. Over 30 potential funders had been contacted and six were progressing discussions.
The practitioners have asked creditors to extend the publication date for the business rescue plan for a week until 30 June while talks continue.
