Comair advised shareholders on May 10 - a day before it faced having its licence to operate airlines kulula.com and the domestic service of British Airways suspended - that it had "taken the precaution of launching an urgent application to interdict the ASLC from suspending the company's domestic license, pending the outcome of a review by a court of law."
The urgent application was granted, and Monday's statement means Comair will not be suspended before a court reviews the council's decision to suspend Comair.
Allegations that Comair's foreign ownership breached the government's 25% ceiling were lodged by competitor Safair in 2013, when the JSE-listed airline repurchased 6.1% of its shares from Atul Gupta, thereby increasing the slices owned by British Airways and other foreign investors.
Source: BDpro
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