SAA’s low-cost subsidiary Mango has been tied into “exploitative” lease arrangements by previous management, which will cost it heavily, public enterprises minister Pravin Gordhan told MPs on Wednesday.
Mango is operating at a loss, flying only a few flights a day. It is anticipated that it will receive R819m from the Treasury in July after the passing of the Special Appropriation Bill in parliament...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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