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Supreme Court clears sale of Mango airline in business rescue proceedings

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Supreme Court,Sale,Mango Airline

The Supreme Court of Appeal has cleared the sale of domestic airline Mango as part of its business rescue proceedings, dismissing Gordhan's application for leave to appeal. This marks another defeat for the minister in the ongoing battle over the sale.

A deal to sell domestic airline Mango as part of its business rescue proceedings has been cleared by the Supreme Court of Appeal, after it dismissed Gordhan’s application for leave to appeal. This marks the latest defeat for the minister in the battle between his department and Mango’s business rescue practitioners over the sale.

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Mango's business rescue practitioner hopeful for sale approval with Gordhan's departureSipho Sono, the business rescue practitioner (BRP) in charge of executing low-cost state airline Mango’s business rescue plan, is hopeful that with Public Enterprises Minister Pravin Gordhan’s departure from politics, which was announced last week, his strange resistance to the sale of Mango will also vanish.
Source: Moneyweb - 🏆 5. / 77 Read more »