Air Mauritius in Voluntary Administration

posted on 23rd April 2020 by Eddie Saunders
Air Mauritius in Voluntary Administration

The Board of Directors of Air Mauritius Limited met on 22nd April 2020 to take cognizance of the latest financial status of the Company in light of the recent developments worldwide relating to the COVID-19 crisis.

After suspending all at the beginning of April, Air Mauritius has been forced to announce that it has entered voluntary administration.

“There is uncertainty as to when international air traffic will resume and all indications tend to show that normal activities will not pick up until late 2020.” read a statement by the Air Mauritius board.

“In these circumstances, it is expected that the Company will not be able to meet its financial obligations in the foreseeable future. The Board, therefore, took the decision to place the Company under voluntary administration in order to safeguard the interest of the Company and that of all its stakeholders”.