Public enterprises in talks with Mango and SAA over future of low-cost airline
Delayed funding has Mango planning to stop operating from May 1 and go into business rescue until July
23 April 2021 - 14:08
The department of public enterprises is in discussions with the board of low-cost SAA subsidiary Mango and the interim board of SAA about the repositioning of the national carrier subsidiaries in light of the delayed funding by the government, the department said on Friday.
The delayed funding has led to Mango planning to stop operating from May 1 and go into business rescue until July while it waits for the funding, which had been promised in June. Mango’s parent SAA has been in business rescue since December 2019...
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.