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Though Mango Airlines is a subsidiary company of South African Airways (SAA), SAA says Mango is an autonomous entity and they have no role in the sale and purchase deal of Mango Airline shares.
SAA says it has received a significant amount of inquiries from the public regarding Mango Airlines, and finds it necessary to give clarity on the matter. The state owned entity explained that Mango was placed in business rescue in August 2021.
“Mango’s business rescue process is totally separate from the business rescue process that South African Airways (SOC) Limited came out of in April 2021,” Said SAA.
According to SAA, they have no authority or direct oversight over Mango’s financial obligations, current and future business plan.
“According to the Business Rescue Practitioner (BRP), Mr Sipho Sono, Mango Airlines is in the final stages of concluding a sale and purchase of shares transaction with its selected investor, with the aim of relaunching the airline. This stage of the business rescue process follows debates and litigation between Mr. Sono, the former Ministry of Public Enterprises, and the Board of SAA on the level of transparency required from a BRP on the identity and financial capabilities of the investors purchasing a business being disposed of.
As part of this BRP’s disposal process, Mango is verifying the value of unflown air tickets purchased by Mango passengers before 26 July 2021 for departure dates after 26 July 2021. Mango operations were suspended on 26 July 2021,” said the parastatal.
“SAA emphasizes that it is not involved in Mango Airlines’ claims, refunds, or any financial settlements related to its operations.
SAA remains focused on its own strategic objectives and operational commitments, separate from Mango Airlines. We appreciate the public’s understanding and urge affected individuals to follow Mango’s official channels for all inquiries related to its business rescue process,” concluded SAA.
