Mango Airlines suspended from flying
The Air Services Licensing Council has suspended low-cost carrier Mango's licences. TimesLIVE reports that the airline has been in business rescue since July 2021.
In a letter dated 3 August, the council suspended the airline's licences for a period of two years with immediate effect because it has not operated an air services for an uninterrupted period exceeding 12 months.
The news comes within days of the airline's administrator Sipho Sono saying an unnamed consortium bidding to rescue Mango had presented adequate proof of funding.
The airline owes R2.85bn to creditors, and also has about R183m in ticket liabilities.
Fin24 reports that the only asset of value Mango has is a spare engine, and offers to buy it have been received.
All Mango's employees have been retrenched apart from a few retained on short-term contracts for critical care and maintenance activities required while the process to secure an investor continues.
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.
