”Your clients are invited to withdraw their application, failing which an adverse costs order will be sought against your clients and your firm,” wrote Mango’s lawyers Werksmans Attorneys to the unions’ legal representatives Stein Scop Attorneys last Thursday.
Mango is also facing a liquidation application expected to be heard in the South Gauteng High Court, which has been filed by Irish company and one of its lessors Aergen Four Aircraft, which has agreed to postpone its liquidation hearing to later this month to allow Mango time to start the business rescue process.
Among the explanations for Mango’s decision to opt for business rescue, Ndlovu told the high court that before the Covid-19 pandemic the airline’s operating profit for 2019 was over R977.5 million.
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Mango gets extension to appoint business rescue practitionerThe Companies and Intellectual Property Commission (CIPC) on Tuesday agreed to grant low-cost airline Mango an extension to appoint a business rescue practitioner. They gonna sell it for 200 million SA_Taxis, it's time we pause & give credit to Taxi Owners who against all odds, financial difficulties they remained in the game. No retrenchment, no business rescue nothing. Managing violence might be imperative but big up to Taxi Owners
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