Senior reporterMango's business rescue plan has been approved, kick-starting efforts to get the low-cost carrier flying again.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 operations.
Butler said the fees to be paid to Mango’s business rescue practitioner Sipho Sono had been approved by 50.35%, with a simple majority needed. SAA confirmed that the business rescue plan was"approved for implementation", paving the way for Mango to find an equity partner. It said the business rescue practitioner will now proceed to implement the plan, with"the key deliverable being the completion of the process to solicit a preferred bidder to conclude the acquisition of Mango".
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Creditors give nod to CNA business-rescue planMore than 78% of those owed money — including retrenched staff, suppliers and landlords — vote to save the chain For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: BDliveSA - 🏆 12. / 63 Read more »
WATCH: Market ReportImtiaz Suliman from Sentio Capital talks to Business Day TV about the day’s market movers It’s never too late to start making beneficial mark, so glad taking risk and it turned out positively…thank God for encountering with lisamiabtc…it’s has been a great news ever since I came across her on twitter.
Source: BDliveSA - 🏆 12. / 63 Read more »