The Air Services Licensing Council has suspended low-cost carrier Mango's licences.
The airline has been in business rescue since July last year.
In a letter dated August 3, the council suspended Mango's licences “for a period of two years, effective immediately, as Mango has not operated the licensed air services for an uninterrupted period exceeding 12 months”.
The news comes within days of the airline's administrator Sipho Sono saying an unnamed consortium bidding to rescue Mango had presented “adequate and satisfactory proof of funding”. CH Aviation reported the consortium had been given until August 10 to provide a bank guarantee in favour of Mango for the full purchase offer.
If this condition is met, a proposal would be presented to SA Airways, Mango's parent company, and the government.
Should the deal fail and a reserve bidder not step in, the airline would be liquidated.
In June, Mango said all its employees had been retrenched except for a few employees retained on short-term contracts for critical care and maintenance activities required while the investor process is ongoing.
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Mango Airlines' licences suspended
Image: wikimedia commons
The Air Services Licensing Council has suspended low-cost carrier Mango's licences.
The airline has been in business rescue since July last year.
In a letter dated August 3, the council suspended Mango's licences “for a period of two years, effective immediately, as Mango has not operated the licensed air services for an uninterrupted period exceeding 12 months”.
The news comes within days of the airline's administrator Sipho Sono saying an unnamed consortium bidding to rescue Mango had presented “adequate and satisfactory proof of funding”. CH Aviation reported the consortium had been given until August 10 to provide a bank guarantee in favour of Mango for the full purchase offer.
If this condition is met, a proposal would be presented to SA Airways, Mango's parent company, and the government.
Should the deal fail and a reserve bidder not step in, the airline would be liquidated.
In June, Mango said all its employees had been retrenched except for a few employees retained on short-term contracts for critical care and maintenance activities required while the investor process is ongoing.
TimesLIVE
Support independent journalism by subscribing to the Sunday Times. Just R20 for the first month.
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