It looks like Mango Airlines’ wings remain clipped. This as South African Airways (SAA), which owns Mango, sat down with creditors this week to share its feedback on the airline currently in business rescue that began in July of this year.

In fact, the situation is quite dire, with SAA noting that there are “no reasonable prospects” for Mango to take to the air again this December.

“SAA’s position is that this process should be finalised as soon as possible. SAA says operations should only resume thereafter thus mitigating the risk of Mango not being able to financially sustain itself going forward,” it explained in a press release.

“SAA does not believe the current plan presented by the BRP’s (Business Rescue Practitioners) that Mango resume operations in December is feasible and asked all stakeholders for the meeting to be adjourned for the current plan to be reviewed and for an amended version to be presented,” it added.

As such, the fate of Mango remains unknown, with SAA only recently returning to operability itself, which too is unclear on how well it is going.

“It is considered view there are no reasonable prospects of Mango succeeding should it be operationalised, prior to obtaining an investor or equity partner,” SAA concluded.

While this appeared to be a critical update on the future of the company, it looks and sounds more to be a precursor to the death knell for the ailing airline, as its ability to operate once again is increasingly unlikely.

[Image – CC BY 2.0 Steve Knight on Flickr]