The plan was published on Wednesday and will allow creditors and shareholders two weeks to consider and adopt the plan.
Comair has been under a form of bankruptcy protection since May and the publication of its rescue plan has so far been delayed by more than two months.
Comair - which operates British Airways locally and owns low-cost airline kulula.com - has been under business rescue since May this year.
A creditors meeting to discuss the embattled airliner, which was placed under business rescue in May, has been postponed from today to Monday.
