Mango Airlines is offering voluntary severance packages to its approximately 700 employees. The low-cost airline’s business rescue practitioners hope to have this process finalised by the end of November.
Mango’s fleet has been grounded since July and the airline has been unable to generate revenue.
The budget airline, which is a subsidiary of state-owned SAA, is about R2.5-billion in debt.
Source: eNCA
In other news – Shauwn Mkhize and Son Shut Down Konka – Video
Millionaire businesswoman Shauwn Mkhize and her son Andile Mpisane are always trending for the right or wrong reasons. They live a fast and showy life.
They recently went to Konka, an upmarket restaurant and nightclub in Soweto. The pair are never tired of being in each other’s company. They also brought their security and friends with them on the expensive trip. They ordered expensive Moet and other goodies and seemed to enjoy themselves at the nightspot. Learn more
