Anyone for a piece of Mango?
Low-cost carrier Mango, whose revised business rescue plan got the green light from creditors on 2 Dec, wasted no time in publishing a call for expressions of interest (EOI) on its website the same day. But will the price tag, in the end, be too steep? In addition to the final sale price, bidders should either have existing facilities or be able to secure such for a minimum of R200m, to “enable Mango to resume operations and provide for the necessary working capital”.