Aergen Aircraft Four has withdrawn its liquidation application for Mango over the R56 million debt in mutual interest with unions for the airline to be placed under business rescue.
The Johannesburg South High Court, on Friday, reserved judgement until Wednesday on the application by organised labour to have struggling airline Mango placed under business rescue instead of being liquidated, as proposed by the no-frills carrier's representation.
Aergen Aircraft Four, had approached the court in April to wind up the airline for debts after failing to honour its obligations for a 2014 deal, in which it leased two Boeing B737-800 aircraft.
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