This archive report was first published on 23 April 2020.
As the COVID-19 pandemic continues to wreak havoc on the global economy, Air Mauritius has become the latest airline to seek protection under voluntary administration.
According to a statement from the airline's Board of Directors, the decision was made in response to the significant impact of the pandemic on the aviation industry, including travel restrictions and border closures that have forced the airline to suspend its domestic and international flights.
With international air traffic uncertain to resume until late 2020, the directors of Air Mauritius have concluded that the company will be unable to meet its financial obligations, prompting the decision to place the airline under voluntary administration.
Effective April 22nd, 2020, Mr. A. Sattar Hajee Abdoula and Mr. Arvindsingh K. Gokhool of Grant Thornton have been appointed as administrators of the company.
Established in 1967, Air Mauritius is a leading employer in the island economy, providing around 3,000 Mauritian jobs and ferrying 40,000 tons of cargo annually. The airline plays a crucial role in the economic development of Mauritius, operating a network covering Asia, Africa, Europe, and Australia.
During the administration period, a moratorium will be in place to prevent creditors from taking recovery action against the company, and the enforcement of personal guarantees against directors has been halted.
