South African Airline Mango Airlines enters business rescue proceedings
In a statement on the website this morning, Mango Acting CEO, Mr William Ndlovu commented, “Mango confirms that Operations will continue according to the airlines operating schedule as published.
The details of the decision to place Mango under business rescue are still being finalized by all stakeholders. The details of the process will be made available as soon as possible.” #SouthAfrica #business #airline
In a statement on the website this morning, Mango Acting CEO, Mr William Ndlovu commented, “Mango confirms that Operations will continue according to the airlines operating schedule as published.
The details of the decision to place Mango under business rescue are still being finalized by all stakeholders. The details of the process will be made available as soon as possible.” #SouthAfrica #business #airline
Tenders in #Malaysia did not lead to any result as we predicted.
No one is ready to take the risk of buying those planes in the current #pandemic situation.
To find a way to use them now you need super #creativity which is not at place there
Our offer to invest those 6 planes with us was the only serious 1.
Their reply makes me smiling: What’s the business plan that convinces you to make the #A380 work when even the high volume players are dumping the aircraft?
Seems they expect BP as a present from ATEO Air )
And yes, Lufthansa , Qatar Airways, Air France, Qantas did prove they do not have serious management on the spot. Money is important but not all. Not at all.
We confirm that we are ready to accommodate A380's and make them working. Based on reasonable valuation we offer up to 20% return on such #investment.
In general we offer #investors 12-16% per annum.
#A380 #Airbus #business #aircraft #ATEOair
No one is ready to take the risk of buying those planes in the current #pandemic situation.
To find a way to use them now you need super #creativity which is not at place there
Our offer to invest those 6 planes with us was the only serious 1.
Their reply makes me smiling: What’s the business plan that convinces you to make the #A380 work when even the high volume players are dumping the aircraft?
Seems they expect BP as a present from ATEO Air )
And yes, Lufthansa , Qatar Airways, Air France, Qantas did prove they do not have serious management on the spot. Money is important but not all. Not at all.
We confirm that we are ready to accommodate A380's and make them working. Based on reasonable valuation we offer up to 20% return on such #investment.
In general we offer #investors 12-16% per annum.
#A380 #Airbus #business #aircraft #ATEOair