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Comair court challenge over SAA bailout

Feb 27 2013 09:24

SAA plane

Company Data

Comair Limited [JSE:COM]

Last traded 3
Change 0
% Change -2
Cumulative volume 70933
Market cap 0

Last Updated: 09-10-2015 at 04:44. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Comair, a franchise partner for British Airways, plans to take the government to court over its continued funding of state carrier South African Airways, the Business Report newspaper said on Wednesday.

The government last year agreed to guarantee R5bn in loans for the troubled national airline over the next two years.

Comair's Chief Executive Erik Venter said the latest bailout and previous payments did not comply with neither the domestic aviation transport policy nor the law, according to the paper.

"Comair's sole objective is to attain a level playing field in the domestic aviation market to ensure that all airlines face the same risks and the same requirements to operate on sound commercial principles," he was quoted as saying.

Venter said Comair was not seeking to stop all financial support of SAA or to shut or privatise the airline, but asking that any assistance be in line with domestic transport policy to minimise impact on other operators. 

Neither Comair nor South Africa's department of public enterprises, which oversees SAA, could immediately be reached for comment.  

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