THREE-YEAR TIME FRAME
Global consultancy to manage merger of SAA, Mango and SA Express
Bain & Co will manage the merger of the state’s three airlines, says Lynne Brown
Bain & Co has been appointed to manage the merger of the state’s three airlines, SAA, Mango and SA Express, Public Enterprises Minister Lynne Brown said in Parliament on Wednesday. Her comments at a meeting of the National Council of Provinces select committee on communications and public enterprises provide some clarity on recent contradictory statements on the future of the airlines and whether they would be merged."There is a merger plan for these companies," Brown said. She conceded the period preceding the merger would be difficult as the firms had to maintain themselves. The minister said she believed the merger process would take about three years. However, an agreement for the merger of the technical divisions of SAA, SA Express and Mango had already been signed.
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