Page 2 - போக்குவரத்து வழிசெலுத்தல் சேவைகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The funds gazetted for SAA subsidiaries totaling R2.7 billion is yet to be received by SAA to recapitalise the subsidiaries. According to court documents filed by three unions at low-cost airline Mango, they grew tired of no outcome from promises made about business rescue. The unions felt they had no other option left but to take matters into their own hands by filing for business rescue themselves. They want to avoid Mango being liquidated in August. Continued promises by its shareholder South African Airways (SAA), government and the board of Mango (which currently consists of only one director) that the low-cost airline would be placed in business rescue, led to three unions taking the matter into their own hands by filing an urgent application in the High Court in Johannesburg on Monday.

South africaSouth africanThomas kgokoloZazi nsibanyoni mugambiNational union of metalworkers south africaTraffic navigation servicesDepartment of public enterprisesAirports companyMango pilot associationSa cabin crew associationAfrican airwaysHigh courtSouth african airwaysCrew associationNational unionMetalworkers south africa