Mango gets rescue deal, but unions unimpressed
Airline officially in business rescue, but unions claim ruling sets up a worrying precedent
The Mango airline board won out in the battle over the business rescue process at embattled carrier.
The South Gauteng high court on Tuesday ruled that Mango would go into voluntarily business rescue using the plan brought by the airline’s board.
Responding to the judgment, the Mango Pilots’ Association and South African Cabin Crew Association — two of the three unions which brought an urgent application last week to have the low-cost carrier placed in business rescue — say the high court’s dismissal of their case in the airline’s favour opens up the business rescue system in SA for abuse by companies seeking to block liquidation applications, or even stop other rival business rescue applications...