In virtual court proceedings in the high court in Johannesburg, CIPC representative Lucinda Steenkamp told the court the commission would grant the extension pending the outcome of a court application by unions to place the embattled budget airline in business rescue.Mango has found itself the subject of two opposing proposed business rescue processes, one led by the carrier’s unions and the other by its board and parent company SAA.
The National Union of Metalworkers of SA , the South African Cabin Crew Association and the Mango Pilots’ Association had filed an urgent application to have Mango placed in business rescue.
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Mango threatening unions for wanting to place troubled low-cost airline under business rescueThe state-owned low-cost airline is threatening unions and their lawyers with legal action a court to have the carrier which is in financial distress, to be placed under business rescue. Investing with lovely1642 has brought my family so much joy, I've received R25,500 from my little funds i invested and I'm grateful, i advice everyone to invest with 👇👇👇👇 lovely1642
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Mango gets extension for business rescue practitionerRegulator says ongoing litigation against the embattled budget airline offers grounds for postponement of deadline
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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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