Breaking News: Mango will make profit despite SAA’s woes

MANGO, the low-cost subsidiary of loss-making SAA, will be closing its books with an operating profit at the end of this month, according to ceo, Nico Bezuidenhout. Speaking at the Aviation Outlook Africa conference in Cape Town, he didn’t elaborate on the extent of that profit pending an audit, but said he hoped it would be in the millions and similar to that declared by Comair. Mango’s financial year ends at the end of March, but the official announcement was only expected in April/May, Bezuidenhout said. Refer to TNW dated March 18 for more details. Hilka Birns (Hilka@icon.co.za)