Mango’s final decay
(Photo Mango Airlines)
GROUNDED LOW-COST carrier Mango Airlines looks set to finally be liquidated after a potential investor pulled out of a proposed rescue plan. Ubuntu Air, backed by tourism company AfricaStay, said that it had pulled out of the deal due to ongoing delays regarding approvals, uncertainty over relaunch timelines for the carrier and a failed funding partnership, which made continuation unfeasible. This followed a High Court ruling in June that invalidated key parts of the rescue plan, which led to revisions that could not source new financial support.