The original article can be found here.
Article highlights:
- The unions that have filed an urgent High Court application to have Mango placed in business rescue claim that its parent company South African Airways (SAA) is trying to get them to drop the case in return for getting money transferred to pay outstanding salaries;
- Jordan Butler, chair of the MPA, says SAA has made it clear that, if the three unions continue with their urgent application to have Mango placed in business rescue, then bridging finance which has become available to pay outstanding Mango salaries will not be paid over;
- In their court documents the unions claim that they grew tired of promises by SAA, government and Mango’s board;
- Mango is about R2.5 billion in debt. This includes about R718 million which Mango owes its fellow SAA subsidiary SAA Technical, R156 million owed to Airports Company SA (ACSA), and R57 million owed to Air Traffic Navigation Services.
