Mango Airlines to enter business rescue, says SAA interim CEO

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South African Airways (SAA) subsidiary Mango Airlines will enter into a local form of bankruptcy protection known as business rescue, SAA's interim CEO Thomas Kgokolo told eNCA television on Monday.

South African Airways subsidiary Mango Airlines will enter into a local form of bankruptcy protection known as business rescue, SAA's interim CEO Thomas Kgokolo told eNCA television on Monday.

“What we can say is that the board and shareholders have agreed that Mango will go into business rescue,” Kgokolo said in an interview with eNCA.

 

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Mango Airlines to go under business rescueThis comes after growing financial difficulties at the carrier. Thank you MYANC for this WeAreLed Yikes FatshakK Government will use public funds to bail them out.
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