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Business rescue plan suggests that Mango likely to be dumped

2 November 2021

Business rescue plan suggests that Mango likely to be dumped

 

State-owned budget airline Mango’s proposed business rescue plan was published on 29 Oct and outlines a restructuring plan for the airline or, as an alternative, to liquidate the asset. At first glance, however, it looks like the plan is to get rid of Mango, either way and that the airline will be sold off, with the buyer’s hopefully available for this to commence shortly after the adoption of the plan.

 

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