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South Africa’s Mango Airlines to Seek Bankruptcy Restructuring

South Africa’s Mango Airlines will enter a local form of bankruptcy protection, according to the head of its parent, South African Airways.

There’s agreement between shareholders and the board on the matter, and Mango is consulting with labor groups, SAA interim Chief Executive Officer Thomas Kgokolo told eNCA television on Monday. Mango employees were seeking to force the low-cost carrier into the court-supervised process, known as business rescue.

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