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Comair Says It Needs Further Extension Of Business Rescue Plan Publication To June 30

June 23 (Reuters) – Comair Ltd:

* REQUEST FOR CREDITORS’ CONSENT FOR EXTENSION

* REQUIRE A FURTHER EXTENSION OF PUBLICATION DATE BY A WEEK TO 30 JUNE 2020

* PRACTITIONERS RECEIVED A NON-BINDING EXPRESSION OF INTEREST FOR CASH FUNDING IN FORM OF DEBT, EQUITY AND POST-COMMENCEMENT FUNDING

* PRACTITIONERS REQUIRE THAT THIS INTERESTED GROUP MAKE A BINDING OFFER, THAT CAN BE SET OUT WITH REASONABLY SUFFICIENT DETAIL IN BUSINESS RESCUE PLAN

* PRACTITIONERS ARE EXPLORING NON-BINDING EXPRESSION OF INTEREST

* PUBLICATION DATE HAS PREVIOUSLY BEEN EXTENDED FROM 9 JUNE 2020 TO 23 JUNE 2020.

* COMPANY COMMENCED VOLUNTARY BUSINESS RESCUE PROCEEDINGS ON 5 MAY 2020. Source text for Eikon: Further company coverage:


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