Santaco’s Mango acquisition fails
The South African National Taxi Council has failed in its bid to acquire Mango airlines.
According to the carrier’s business rescue practitioner, Santaco wasn’t even shortlisted as a bidder.
The practitioners received numerous applications.
Bidders will ultimately acquire the entire share capital of Mango and any liability claims against the airline.
The carrier has been involuntary business rescue since last July.
It owes nearly R3-billion to creditors.
Santaco tried to get an airline off the ground in 2011.
However, the low-cost carrier Santaco Express never took to the skies.
Source: eNCA
In other news – Kuli Roberts death: More details about the night she died emerge
Tributes are still pouring for the passing of 49-year-old media personality and actress Nomakula “Kuli” Roberts who passed away on Wednesday 9 February at 22:00.
A friend of the lifestyle journalist has shared more details about the night of her death. Kuli Roberts’ friend who prefers to stay anonymous says he was with her on Tuesday evening and Wednesday morning. Learn More
