Posts tagged with 'SAA'

Mango’s flights will no longer be in the air from 1st of May 2021. This comes after the flight operator waited for months for their share of the bailout money, which was granted by the government to SAA.

The SAA received a bailout from the government of approximately R2.7 billion, of which R10.5 billion had to go to the SAA subsidiaries, AirChefs, Mango and the SAA technical company.

To date, Mango has not received a cent of the money, which reportedly had to be paid over to them in October 2020. It is currently estimated that the money will be paid to Mango by June this year. Which is unfortunately too late for Mango’s creditors.

The creditors have now issued an ultimatum to Mango, if their fees are not received by 30 April 2021, all Mango flights must remain grounded.

Mango’s acting chief executive William Ndlovo explained the situation in an email to employees this week. He announced that Mango had applied for business rescue, but until help was re
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