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
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South African Airways seeks EOIs for LCC unit, Mango ch-aviation report:
South Africa’s stricken state-owned budget carrier Mango Airlines (JE, Johannesburg O.R. Tambo) is to secure a new investor by the end of March next year, with expressions of interest (EOI) invited by December 20 this year, according to its administrator Sipho Sono.
In an update to creditors, he said: “It is anticipated that the process to secure a successful bidder, inclusive of concluding the relevant acquisition agreements, will be completed by the end of March 2022”.
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#aviation #southafrica #airlines
www.ateoair.com
South African Airways seeks EOIs for LCC unit, Mango ch-aviation report:
South Africa’s stricken state-owned budget carrier Mango Airlines (JE, Johannesburg O.R. Tambo) is to secure a new investor by the end of March next year, with expressions of interest (EOI) invited by December 20 this year, according to its administrator Sipho Sono.
In an update to creditors, he said: “It is anticipated that the process to secure a successful bidder, inclusive of concluding the relevant acquisition agreements, will be completed by the end of March 2022”.
Our expertise is available for those who want to become airline owners
#aviation #southafrica #airlines
www.ateoair.com