Mango suspends flights over money owed to air traffic management firm
This is the second time in 2021 that Mango has been unable to pay its obligations to its creditors
Budget airline Mango abruptly suspended flights on Tuesday after it failed to make outstanding payments for navigation services to SA’s air traffic management company.
The SAA subsidiary announced on Monday that it planned to enter into business rescue, an alternative process to liquidation that places management of a company in the hands of business rescue practitioners, who can delay paying creditors while they re-establish the company on a sound financial footing. ..