The business rescue plan for Mango Airlines outlines a strategic approach to revitalize the company by proposing its sale to an interested investor. A key aspect of the plan is the recommendation for Mango to resume operations swiftly, ideally by December 2021. This timeline is crucial for preserving the airline's route rights and licenses, which are valuable for potential investors, and for capitalizing on increased travel demand during the holiday season. However, if resuming operations proves unfeasible, the plan suggests that focusing on the investor acquisition process may be more prudent, potentially leading to a temporary suspension of operations (mothballing) until an investor is secured.
Make a nice summary of the business rescue plan of the Mango Airline:
This BR Plan therefore proposes that the Company be sold to an interested investor.
6.2.5 In the interim, the BR Plan proposes that Mango resumes operations as soon as
possible, but ideally by December 2021 to ensure that Mango preserves its route rights
and licences which may be critical for the investor and also to take advantage of the
higher December demand. In the event that it is not possible to resume operations it
may be more prudent to rather concentrate on the Investor process and in that event
contemplate a possible mothballing of operations until the investor has come on board.
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