High Court to hear unions urgent application to save Mango Airlines ewn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewn.co.za Daily Mail and Mail on Sunday newspapers.
The primary reason for once again extending the return date was because two unions are bringing an application in the Constitutional Court.
The return date for a liquidation application for state-owned regional airline SA Express was again extended on Wednesday, this time to 11 January 2022.
This was primarily because two unions are bringing an application in the Constitutional Court to try to save the airline. The National Union of Metalworkers of SA and the SA Cabin Crew Association want the Constitutional Court to compel the National Assembly to debate whether SAX should be permitted to go insolvent.
The two unions contend that, in the absence of Parliamentary oversight, a state-owned company cannot be finally liquidated by a court.
Mango unions claim they are being blackmailed to drop business rescue application news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
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.
If all goes well, SAA could start cargo flights in a week or two, says interim CEO news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.