Mango is in trouble

[BusinessTech]

Mango is in trouble

Mango's business rescue practitioners have changed their tone about the airline's chances of survival.

 

[neoprema]

The writing was on the wall already. Nevermind the disaster that was SAA, COVID-19 came and put the rest of the nails in that coffin.

 

[NarrowBandFtw]

While the BRP believes there is a reasonable prospect of rescuing the company, holdups from Mango’s main shareholder – the government – may make this impossible.

wow what a surprise, government ruined virtually all SOE's, and government is standing in the way of things getting fixed

never would have guessed