Mango’s flights will no longer be in the air from 1st of May 2021. This comes after the flight operator waited for months for their share of the bailout money, which was granted by the government to SAA.
Fraud and theft behind SAA bankruptcy – SAA’s debt is currently R15 billion more than its assets, and banks will no longer lend the airline any money
While the airline is required to present its financials by the end of the month, it cannot do so as it’s technically bankrupt. A report in The City Press on Sunday documents the massive financial problems of state-owned airline South Read More …