The Board of Directors of Air Mauritius has announced it has placed the airline under voluntary administration as a result of the recent developments worldwide relating to the COVID-19 crisis.
“Unfortunately, travel restrictions and the closure of borders in all our markets and cessation of all international and domestic flights in an unprecedented crisis, has led to a complete erosion of the Company’s revenue base,” the Board said in a statement. “Furthermore, 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. In these circumstances, it is expected that the Company will not be able to meet its financial obligations in the foreseeable future.”
Mr A. Sattar Hajee Abdoula, FCA and Mr. Arvindsingh K. Gokhool, FCCA of Grant Thornton have been appointed, under sections 215 and 216 of the Insolvency Act, as administrators of the Company, with effect from Wednesday 22 April 2020 at 14.00 hrs.