{"id":208060,"date":"2021-11-11T09:52:19","date_gmt":"2021-11-11T07:52:19","guid":{"rendered":"https:\/\/www.myza.co.za\/saa-mango-working-to-find-sustainable-solutions\/"},"modified":"2021-11-11T09:52:19","modified_gmt":"2021-11-11T07:52:19","slug":"saa-mango-working-to-find-sustainable-solutions","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/saa-mango-working-to-find-sustainable-solutions\/","title":{"rendered":"SAA, Mango working to find sustainable solutions"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.sanews.gov.za\/sites\/default\/files\/2012\/images\/newsstorytemplate\/202111\/saa2.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>South African Airways (SAA) says it is working Mango Airlines and its business rescue practitioner to resolve the challenges facing the low cost airline.<\/p>\n<p>This after reports suggested that SAA and Mango were at odds over the funding required to resuscitate Mango through business rescue.<\/p>\n<p>Mango Airlines is a subsidiary of SAA and is government owned.<\/p>\n<p>In a statement, SAA clarified that it is seeking solutions to the current malaise besetting Mango\u2019s finances.<\/p>\n<p>\u201cSAA Board together with the Board of Mango\u2026reconfirms its commitment to working with the BRP [business rescue practitioner] to ensure Mango Airlines is rescued for the benefit of all stakeholders.<\/p>\n<p>\u201cThe SAA Board advised Mango\u2019s BRPs that resuming operations in December 2021, will place the airline in further financial difficulty as there is no working capital to fund Mango\u2019s business operations, should rather use available funds to restructure the airline and at the same time find in on urgent basis an SEP that will fund operations of the airline going forward,\u201d SAA said.<\/p>\n<p>Mango was grounded in July after years of financial turbulence.<\/p>\n<p>Interim SAA Chairperson, Professor John Lamola, said Mango\u2019s business rescue practitioner must be allowed to complete their work.<\/p>\n<p>\u201cWe believe that finding a strategic equity partner for the low cost carrier would be a sustainable solution. We acknowledge that this is a difficult and frustrating time for all stakeholders of Mango and all we can ask is that the process being followed be allowed to complete its course in expectation of an equitable solution,\u201d he said. \u2013&nbsp;<strong>SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South African Airways (SAA) says it is working Mango Airlines and its business rescue practitioner to resolve the challenges facing the low cost airline. This after reports suggested that SAA and Mango were at odds over the funding required to resuscitate Mango through business rescue. Mango Airlines is a subsidiary of SAA and is government [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":208061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-208060","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2021\/11\/saa-mango-working-to-find-sustainable-solutions.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/208060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=208060"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/208060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/208061"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=208060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=208060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=208060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}