Unions in bid to save Mango

Unions in bid to save Mango

2021-07-29 08:20:00 AM

Unions in bid to save Mango

The staff’s high court bid to place the airline into business rescue will be heard on Tuesday, the same day that the previously deferred liquidation application by aircraft lessor Aergen is expected to be on the court roll.

Unions at Mango airline are hoping to close ranks with creditors and start a business rescue process which will exclude parent company South African Airways (SAA) and the government. Mango Pilots Association chair Jordan Butler said the trio of labour representatives, that also includes the National Union of Metalworkers of SA and the South African Cabin Crew Association, may be a preferred partner for creditors in the business rescue process. The staff’s high court bid to place the airline into business rescue will be heard on Tuesday, the same day that the previously deferred liquidation application by aircraft lessor Aergen...

Actor Loyiso MacDonald’s wife applies for divorce | Citypress EFF produces ambitious manifesto, promising land redistribution - The Mail & Guardian RDP houses will be built in affluent suburbs in EFF-run municipalities

Unions at Mango airline are hoping to close ranks with creditors and start a business rescue process which will exclude parent company South African Airways (SAA) and the government.MangoPilots Association chair Jordan Butler said the trio of labour representatives, that also includes the National Union of Metalworkers of SA and the South African Cabin Crew Association, may be a preferred partner for creditors in the business rescue process.

“Every stakeholder is welcome and there is no expectation from our side for any contribution other than a shared purpose to save Mango,” said Butler.Mango in crisis because of DPE ignoring ‘rampant looting’, says NumsaBut it could be a close race between employees, who remain unpaid for a second month, and the SAA and the department of public enterprises (DPE) side which, hot on the heels of labour’s decision to take Mango into business rescue, also announced this week that it, too, intends to place Mango into business rescue. headtopics.com

If labour wins the race, creditors can appoint the business rescue practitioner and SAA and DPE could lose control over Mango. However, Chapter 6 of the Companies’ Act precludes a company to enter business rescue should a liquidation application be pending.

SAA interim chief executive Thomas Kgokolo told The Citizen this week SAA has no objection to unions forming part of a business rescue process.Mango grounded, yet again, as unions apply for business rescueBut it seems the SAA playbook has not changed much. In 2018, SAA’s boss at the time, Vuyani Jarana, managed to dodge a bid by Solidarity to place SAA into business rescue by making conciliatory overtures, resulting in an 18-month delay until SAA was placed in business rescue.

Mango’s board and management have been pushing for business rescue for more than a year. But last year, DPE wrote to Mango advising that Minister Pravin Gordhan would be loath to have another business rescue of a state-owned company under his watch. Read more: The Citizen News »

LIVESTREAM: Funeral of Deputy Minister Hlengiwe Mkhize

Deputy Minister Hlengiwe Mkhize is being laid to rest on Saturday.

Mango grounded, yet again, as unions apply for business rescue“We ask for calm and patience as we navigate through these challenges. We will update the public as soon as possible,” the airline said. via TheCitizen_News I saw several people testifying of making so much money with the help of liam_garret21 on Bitcoin options trade and I dicided to gave a try and am gald he helped me and my colleagues to make allot of profit in one week , thank you for your transparency and trust Words alone won’t express how thankful I’m recommending you all to you shantelll_142 .....,investing with you has been a good opportunity for me and my family I just received my profit of R30,500 within five days of investment shantelll_142

Mango staff rely on family to surviveEmployees of Mango Airlines, who have not been paid for two months, have been kicked out of their rented apartments, forced to default on vehicle instalment repayments and many now say they rely on relatives for survival. IsaacPat

Mango in crisis because of DPE ignoring 'rampant looting', says NumsaMango Airlines will be placed under business rescue, following financial difficulties which culminated in staff not receiving June salaries. I saw several people testifying of making so much money with the help of shantelll_142 on Bitcoin option trade and I decided to give a try and now I'm glad now she helped me and my colleagues to make R40,000 in one week, thank you for transparency and trust. Dear FCDOtravelGovUK Reasons Why Not To Invest/Visit in South Africa: 1.Racist BBBEE laws 2.Looters 3.Rogue KZN Police 4. Unfriendly labour legislation 5. Land Expropriation without compensation 6. No Elections 7. Farm Killings 8. City Name Changes(Port Elizabeth)

BREAKING NEWS: Mango suspends flights over money owned to ATNSThis is the second time this year that Mango has been unable to pay its obligations to its vendors It should not be flying in the first place

Mango Airlines temporarily suspends flightsIn a statement released on Tuesday, the airline said the interruption is due to outstanding payments to the Air Traffic Navigation Services. lemme guess No money?

Passengers stranded as Mango Airlines suspends flightsHundreds of Mango ticket holders were left stranded at Johannesburg’s OR Tambo and Cape Town international airports on Tuesday, a day after the deeply indebted airline confirmed it will go into business rescue.