Unions representing Mango staff will head to court this week to file an application for the airline to be placed in business rescue.
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 and the government.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.
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.
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