Comair Limited (JSE:COM)
Comair Limited (JSE:COM) is a South African aviation company. Founded in 1946, the Group has an internationally recognised safety record and level 2 Broad-Based Black Economic Empowerment (“B-BBEE”) recognition. This proudly South African Group is comprised of five business units:
The Group offers scheduled and non-scheduled airline services within South Africa, subSaharan Africa and the Indian Ocean Islands, as its main business. The Group operates under its low-fare airline brand, kulula.com, as well as under the British Airways livery, as part of a licence agreement with British Airways PLC. kulula.com is the market leader in affordable, easily accessible air travel. It has become one of South Africa’s iconic consumer brands, while British Airways operates mainly in the corporate and public sectors, as well as in the inbound tourist markets.
The Group launched its own catering service in 2012 trading under the Food Directions Brand. Originally launched to cater to the airline brands, Food Directions now also provides a range of health and other food products to various South African retailers. Food Directions provides on-board catering and retail services to kulula.com and British Airways branded flights, giving it control and flexibility in terms of cost and product offering. It also provides all catering and procurement to the Group’s SLOW Lounge network. The combined procurement volumes have allowed for improved buying and numerous cost saving benefits.
In 2015, the Group acquired a 56% shareholding in a company known as The Highly Nutritious Food Company Proprietary Limited, trading as Eatrite. This company focuses on producing healthy food products. Eatrite currently distributes a variety of these products to various retailers in South Africa.
In 2009 the Group launched its SLOW Lounges and currently operates SLOW Lounges at OR Tambo International Airport in both the domestic and international terminals; Cape Town International Airport domestic terminal; King Shaka International Airport domestic terminal; and SLOW in the City in Sandton, Johannesburg. The award-winning domestic and international SLOW Lounges have set the standards for airline hospitality in South Africa. The SLOW Lounge concept is based on the theme that time plays a significant part of life and the concept has been expanded to SLOW in the City, SLOW XS and The Course.
Investment in technology to improve operational efficiency and innovative products to travel agencies and consumers has seen the Group become the country’s largest digital travel distribution network. The brands under the Group’s tourism banner include African Images, Holiday Travel, Kulula Holidays, WildX and mtbeds.
The Group consolidated its existing training portfolios and expertise into a single administrative entity, the Altitude Training Academy Proprietary Limited (“the Alt.Academy”). The establishment of the Alt.Academy is part of the Group’s drive to become a significant contributor towards South Africa’s human capital development efforts, which is necessary for the narrowing of the projected skills shortages in critical industry sectors such as aviation, including for the strengthening of the Group’s own talent pipeline.
In 2018, Comair entered into a joint venture with an IT company known as Infinea SA Holdings Proprietary Limited, establishing a jointly held company called Nacelle Proprietary Limited. Nacelle is a service provider in aviation and related sectors, providing services such as IT operations and support, IT project deployment, process design and software development.