SAA: Mango’s business rescue plan to resume operations in Dec feasible

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

South African Airways (SAA) said there were no reasonable prospects for Mango airlines to succeed and operate before obtaining an investor or equity partner.

JOHANNESBURG - South African Airways said there were no reasonable prospects for Mango airlines to succeed and operate before obtaining an investor or equity partner.

In a statement released on Monday evening, the partly state-owned airline said it did believe Mango's current business rescue plan to resume operations in December was feasible. SAA said the current global aviation environment was volatile and there were variables, which could not be predicted with any level of certainty.

Mango airline was grounded due to financial challenges and is currently going through a business rescue process.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I kept believing in her, for a start i invested R3000 in few weeks i got a return of R13000 your honesty can't be compromised.. You can keep doubting while others are getting paid... Nichelle_1111

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19 | Discussion | Business backs govt rolloutBusiness is backing calls for people to get vaccinated. Business for South Africa says it is concerned with growing hesitancy. Herd Immunity 🙄🙄 Can they kindly leave us alone.
Source: eNCA - 🏆 49. / 51 Read more »

WATCH: Market ReportBusiness Day TV talks to independent analyst Chris Gilmour and David Shapiro from Sasfin Securities
Source: BDliveSA - 🏆 12. / 63 Read more »