Mango Airlines (JE, Johannesburg O.R. Tambo) – the state-owned low-cost subsidiary of South African Airways (SA, Johannesburg O.R. Tambo) - will enter into bankruptcy protection following a decision by its board and shareholders, according to SAA chief executive Thomas Kgokolo. He told South...
I think that's a fair observation. Where there's money to be made someone will take advantage. New airlines will come in with lower costs through no debt, leased planes, more efficient workforce. Might not get all the status benefits of alliances though!
Asia Aviation Plc, the operator of Thailand’s biggest budget carrier Thai AirAsia, plans to raise as much as 17.9 billion baht from new loans, share sales and convertible-debt offerings as it attempts to restock coffers depleted by the worst crisis in aviation history.
Meantime Air Asia looking to setup a Cambodian unit, and folding all of the minority subsidiaries U drt a holding co.
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