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Mango sale to forge head despite Gordhan’s efforts



Business rescue practitioner confirms Ubuntu Air Services is set to buy Mango.

The business rescue practitioner of defunct low-cost airline Mango confirmed on Friday morning that Ubuntu Air Services is the company that wants to buy it. Sipho Sono confirmed to The Citizen that the company named in court papers was the preferred bidder.

Ubuntu Air Services is a partnership between one of South Africa’s largest tour operators, Africa Stay, and DG Capital. Trade publication CH-Aviation speculated about the identity of the preferred bidder last year, but until now events have been overshadowed by Gordhan’s consistent efforts to scupper any kind of deal.

Gordhan blocked sale of Mango

Gordhan blocked the sale of Mango last year citing that he had not received enough information to sign off on the deal. Sono took him to court and won. That effectively forced the minister to sign off on the deal within 30 days of its submission to his office or forfeit his influence.

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