Judgment reserved in bid to put Mango on business rescue

Judgment has been reserved in an application to put Mango Airlines on business rescue.

The National Union of Metalworkers of South Africa (Numsa), the Mango Pilots’ Association, and the South African Cabin Crew Association presented their arguments to the court on Friday.

Mango was forced to indefinitely suspend its flights due to outstanding payments.

Mango’s problems have long been in the making even before the onset of the COVID-19 pandemic, which has pushed the airline closer to breaking point.

Its situation is so bad that it hasn’t paid its 754 workers full salaries for nearly a year.

Numsa told the court the airline and its liquidation creditor supported the idea of a business rescue process.

Spokesperson Phakamile Hlubi-Majola said: “One of the positive things that came out is that the liquidation has been withdrawn.”

Judgment has been reserved, with a ruling expected next week.

-EWN

In other news – Mohale is not a victim, he also beat me up – Somizi breaks his silence on abuse allegations

Mzansi star Somizi Mhlongo has broken his silence about his marriage woes and the abuse allegations levelled against him by his estranged husband Mohale Motaung.

Somizi

In a statement issued on Instagram, Somizi has addressed the abuse allegations that popped up earlier this week when a local publication reported that Mohale allegedly made the claims in an interview with producers of the reality show Living the Dream with Somizi. Learn More

The post Judgment reserved in bid to put Mango on business rescue appeared first on News365.co.za.



Post a Comment

أحدث أقدم