• Will the NPA stand up?

    Solly Moeng wonders if the NPA head will reinstate criminal charges against president Zuma.

  • Commodity currency

    Jac Laubscher asks if the true exchange rate of the rand is really a cue from commodity prices.

  • Accoutable government

    Mandi Smallhorne says government should be taken to court for its wasteful expenditure.

All data is delayed
See More

Comair: No funding from BA

Nov 09 2012 15:29
Cape Town - Comair has sent the following response to an opinion piece published by Fin24 on Friday.

Comair Limited – key facts:

•    Comair Limited is a leading South African-listed company on the JSE.  

• Comair  is the holding company for a number of brands:
 - British Airways as per a licence agreement (franchise) with British Airways Plc. The agreement allows Comair to fly and sell under the British Airways livery ;
 - kulula.com ;
 - SLOW;
 - Food Directions; and
 - Comair Travel.

• Comair’s financial results are disclosed in accordance with the Companies Act, the rules of the JSE and based on International Financial Reporting Standards. 

•  Britair Holdings Limited has an 11.03% shareholding in Comair; however, there is no funding from British Airways Plc.

• During the past year, Comair focused strongly on re-engineering its operations to ensure a return to profitability by June 2012. This was accompanied by a cost saving programme, which included a salary freeze for all of its employees, and its fleet upgrade to new Boeing 737-800s. 

•  Comair will be taking delivery of a further three new aircraft by December 2012, resulting in kulula having the most fuel efficient fleet in the industry.

•  We are confident that Comair will continue with its aviation record of 67 consecutive years of operating profit.

•  The South African aviation industry was deregulated in 1991 (21 years ago) and since then 10 out of the 11 independent, private airline companies have failed, leaving only Comair Limited (with its two brands kulula.com and British Airways).

Columnist Mzwandile Jacks stands by his assertions.

 - Fin24

1time  |  comair  |  low cost airlines


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote