Mango’s business rescue plan has been given the green light by its creditors, opening the way for it to start negotiating with a potential strategic investor to help relaunch the low-cost carrier’s operations.
Mango’s business rescue plan has been given the green light by its creditors, opening the way for it to start negotiating with a potential strategic investor to help relaunch the low-cost carrier’s operations.
Mango’s business rescue plan has been given the green light by its creditors, opening the way for it to start negotiating with a potential strategic investor to help relaunch the low-cost carrier’s operations.
The cash-strapped airline announced on Wednesday following its first creditors meeting with business rescue practitioners that the full salaries for July, August and September would be paid out to its 750 employees.
Unions are hoping that there will also be some clarity on when workers can expect to recieve their salaries, which haven't been paid for a few months now.
'Mango business rescue plan proposes job cuts' capetalk.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capetalk.co.za Daily Mail and Mail on Sunday newspapers.
After appointing business rescue practitioner, Mango plans to resume ops soon ewn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewn.co.za Daily Mail and Mail on Sunday newspapers.