Latest news with #MangoAirlines
Zawya
2 days ago
- Business
- Zawya
Mango Airlines business rescue nears investor deal as South African Airways distances itself
The business rescue process for Mango Airlines is in its final stages, with a sale-and-purchase deal between the airline and its selected investor nearing conclusion. This follows ongoing public inquiries about the future of the low-cost carrier, which has been grounded since July 2021. Source: Maarten Visser via Wikimedia Commons Business Rescue Practitioner (BRP) Sipho Sono confirmed that Mango is working to finalise the transaction, which aims to relaunch the airline. This stage follows a lengthy process marked by debates and litigation between Sono, the former Ministry of Public Enterprises, and the South African Airways (SAA) board over concerns regarding transparency related to the identity and financial capacity of potential investors. As part of the process, Mango is also verifying outstanding claims from passengers who bought tickets before 26 July 2021 for travel dates beyond that, when the airline ceased operations. In a statement, South African Airways (SAA) moved to clarify its position, emphasising that it has no authority or involvement in Mango's financial obligations, business planning, or claims processes. Mango, though a subsidiary of SAA, entered business rescue in August 2021, separate from the process SAA exited in April 2021. 'SAA has no authority or direct oversight over Mango's financial obligations, current and future business plan,' the airline said. 'We urge affected individuals to follow Mango's official channels for any inquiries related to its business rescue process.' SAA reaffirmed that it remains focused on its operational priorities, while the outcome of Mango's business rescue lies solely in the hands of the appointed practitioner and the selected investor. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
IOL News
5 days ago
- Business
- IOL News
Mango Airlines customers offered hope of refunds after 2021 grounding
Thousands of Mango Airlines passengers who were left out of pocket when the low-cost South African airline was grounded in 2021 may finally see some relief Thousands of Mango Airlines passengers who were left out of pocket when the low-cost South African airline was grounded in 2021 may finally see some relief. Business rescue practitioner Sipho Sono has confirmed that affected travellers can now register their ticket details online to begin the long-awaited refund process. Mango, a subsidiary of South African Airways (SAA), was placed under business rescue in July 2021 after financial difficulties and regulatory hurdles forced it to halt operations. Since then, many customers who had purchased tickets for future flights have been left in limbo, unable to access refunds or rebook travel. In a promising development this week, Sono announced that the claims process is now open to those who never received their money back. 'Passengers who were affected by Mango's grounding and who have not yet been refunded are encouraged to register their claims online,' he said. 'This is the first formal step toward ensuring that legitimate ticket holders are reimbursed.' Although it remains unclear how long the refund process will take or whether all claims will be fully honoured, the move has been widely welcomed by consumer groups and travel industry observers.
