The licenses of low-cost carrier Mango have been suspended
by the Air Services Licensing Council.
Since July 28, 2021, Mango has been in voluntary business
rescue.
After the sole shareholder SAA chose to sell its stake in
the subsidiary, it has been put on hold until an investor can be found.
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 announcement comes shortly after Sipho Sono, the
administrator of the airline, claimed that an unnamed consortium fighting to
save Mango had provided “adequate and satisfactory proof of funding”.
CH Aviation reported that the consortium had given the
consortium until August 10 to submit a bank guarantee in Mango’s favour for the
entire purchase bid.
Mango said in June that all of its employees had been laid
off except for a few employees retained on short-term contracts for critical
care and maintenance activities required while the investor process is ongoing.
