Mango Airlines Heading Towards Final Winding Down
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Guest – Sipho Sono – Business Rescue Practitioner At Mango Airlines
Low-cost carrier Mango Airlines is heading towards a final winding down after the investor waiting to acquire it pulled out of the process.
In a circular published by the Business Rescue Practitioners (BRPs), the group confirmed that the investor, established as Ubuntu Air for the transaction, no longer wanted to proceed with the process.
Mango was placed in voluntary business rescue on 28 July 2021, and the business rescue practitioners were appointed in August of that year
Low-cost carrier Mango Airlines is heading towards a final winding down after the investor waiting to acquire it pulled out of the process.
In a circular published by the Business Rescue Practitioners (BRPs), the group confirmed that the investor, established as Ubuntu Air for the transaction, no longer wanted to proceed with the process.
Mango was placed in voluntary business rescue on 28 July 2021, and the business rescue practitioners were appointed in August of that year
