JOHANNESBURG – The South African National Taxi Council (SANTACO) has confirmed the submission of a bid to acquire Mango Airlines, in a statement released on 13 February 2022, on their social media pages, the taxi council confirmed its major move.
This comes after News24 reported, the Taxi council’s bid to acquire the struggling airline fell on deaf ears. However, as media reported their bid as rejected.
SANTACO was not even shortlisted on the list of organizations that stands a chance of acquiring the airline. That’s according the carrier’s business rescue practitioners.
On the statement, SANTACO confirms that it did submit a bid to acquire the airline, and it is confident that the bid was formidable.
SANTACO did submit a bid to acquire Mango Airlines. We are confident we submitted a formidable bid. We will make a statement this week on the matter including the Business Rescue Practitioner's reply letter that was leaked to the media.
— SANTACO (@SA_Taxis) February 13, 2022
The statement further reads “We will make a statement this week on the matter, including the business rescue practitioner’s reply letter that was leaked to the media.”
Mango went on voluntary business rescue last year July (2021), leaving hundreds of its customers stranded at airports as the move took everyone surprised and that came as the Airline owed about 3 Billion to creditors.
Santaco’s aspirations of owning an airline are yet again given a massive blow as the taxi council tried establishing its airline in 2011 and that move did not succeed either.
The story is developing …