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PUBLISHER: Freight News (www.freightnews.co.za)

Mango Airlines’ business rescue practitioner, Sipho Sono, has proposed that the airline’s operations should be resumed as soon as possible, ideally by December, to take advantage of demand in the market and, importantly, to ensure the LCC preserves its route rights and licences, which may be critical for an investor buying the business. That gives the airline 27 days to be up and running.

Other than the route rights, Mango’s only other assets, as listed by the BRP, are one spare aircraft engine, type undisclosed, value R97 million, and furniture and equipment amounting to R4.8 million.

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