Hilton Tarrant's tweet - "@Comrade_Skhokho Right now, it depends entirely on the lenders… ? The rescue consortium put R500m of fresh equity into Comair. Funding from lenders totaled R1.4bn, of which R600m was new debt. Are they willing to liquidate this thing and get back – at best (?)

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Hilton Tarrant

@hiltontarrant | 13,270 followers

@Comrade_Skhokho Right now, it depends entirely on the lenders… ?
The rescue consortium put R500m of fresh equity into Comair. Funding from lenders totaled R1.4bn, of which R600m was new debt.
Are they willing to liquidate this thing and get back – at best (?) – 20c in the rand?

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