Mango can only survive if it finds a new investor, according to revised rescue plan

The original article can be found here.

Article highlights:

  • Mango airline’s rescue practitioner has published an amended proposed rescue plan.
  • The plan was amended because Mango’s shareholder, SAA, did not want R719 million still due to Mango to be used to restart the airline.
  • It is, therefore, crucial for Mango’s survival to find an investor with enough money to ensure a sustainable restart.