The second tranche, of R22.5-million, will be paid on the first anniversary of the Completion Date. The third tranche, also of R22.5-million, will be payable on the second anniversary of the Completion Date (subject to certain conditions relating to the financial performance of the acquisitions). The net assets of the two entities being bought by Comair totalled R52.6-million on February 28, 2018 (that being the date of the last audited financial statements). Their audited profits after tax for the year ending February 28, 2018, came to R23-million. Comair operates both the British Airways brand in South Africa and the Kulula low cost airline. Its fleet is composed entirely of different versions of the Boeing 737 airliner. Star Air Cargo's much smaller fleet is, according to its website, also made up only of 737s.