Mango Airlines will remain grounded

Mango Airlines, the low-cost subsidiary of South African Airways, will remain grounded for the foreseeable future as South African Airways declared that Mango is not part of the airline's future plans. Mango has been grounded since May as it ran out of money to continue to operate.

The LCC wanted to restart operations in December but this plan was denied by SAA as there is no additional money available to fund sustainable operations at Mango at this time. As a result, Mango is now seeking a future as an independent carrier and looking for investors. Until these investors are found the airline will remain grounded.

South African Airways is currently seeking for its own investors and is in serious negotiations with the Takatso Consortium about a possible take-over of the government shares in the national airline. The Takatso Consortium is a joint-venture between investment company Harith General Partners and Global Aviation, a South-African aviation company owning low-cost airline Lift Airlines and Lanseria Airport. The plan is for Takatso to own 51% of South African Airways, while the remaining 49% of the shares will be held by the state.

Photo by Aviationpix.nl via our Scramble Messageboard.