After suspending all flights at the beginning of April, Air Mauritius has announced that it has entered voluntary administration. The airline was about to embark upon an ambitious transformation plan, having taken delivery of its first Airbus A330-900 last year. At the time of its shut down, its fleet comprised A330, A340 and A350 jets plus three ATR turboprops.
The airline’s business had largely relied upon tourists visiting from Europe, but a company statement, issued on April 22, said that international travel restrictions had led to the complete termination of its revenue. It continued: “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. The board therefore took the decision to put the company under voluntary administration in order to safeguard the interests of the company and that of all its stakeholders.”
Grant Thornton has been appointed as the administrator.