Mango gets extension for business rescue practitioner

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Regulator says ongoing litigation against the embattled budget airline offers grounds for postponement of deadline

Mango was granted an extension to appoint a business rescue practitioner on Tuesday, pending the outcome of a court application by unions to place the embattled budget airline in business rescue.

Lucinda Steenkamp, the senior legal adviser for the Companies and Intellectual Property Commission , told the Johannesburg High Court on Tuesday that ongoing litigation against the airline was grounds for an extension...If you have already registered or subscribed, please sign in to continue.

 

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