FlySafair still keen to look at buying loss-making Mango
FlySafair said Mango’s fleet and operating model was a fit with its business model
17 November 2016 - 14:24
Low-cost carrier FlySafair on Thursday reiterated its willingness to consider acquiring SAA’s low-cost subsidiary Mango, which earlier this week posted a net loss of almost R37m. The loss in the year to end-March marked a dramatic reversal from a profit of R38m that Mango posted in the previous year. Mango’s financial results — which are normally consolidated and hidden in its parent company’s statements — were released for the first time to Parliament’s finance committee after persistent pressure by the DA.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.