(3 minutes read)
· After South African Airlines (SAA), it is now Air Mauritius,
which is facing the brunt of Covid-19.
· The decision to place the company under voluntary
administration is a direct fallout of the meeting and the board says
that it was left with no other alternative except placing it under
voluntary administration to protect the interests of the stakeholders.
· The airline has completed 52 years in service and is having
flight operations to 22 countries in four continents. It has an annual
passenger count of 1.7 million.
After South African Airlines (SAA), it is now Air Mauritius, which is
facing the brunt of Covid-19. The carrier is now under voluntary
administration by its board. It is reported that the economic fallout
of the pandemic is heavy on the Islanders’ airline. The board of the
airline, which met on April 22 took cognizance of the bottom lines of
the airlines and assessed that the company will not be able to meet
its financial obligations in the foreseeable future.
The decision to place the company under voluntary administration is a
direct fallout of the meeting and the board says that it was left with
no other alternative except placing it under voluntary administration
to protect the interests of the stakeholders.
The airline has completed 52 years in service and is having flight
operations to 22 countries in four continents. It has an annual
passenger count of 1.7 million. The airline was in the midst of
changing its business plan before the pandemic struck because of its
declining financial bottom lines.
Cumulative losses have been haunting airlines across the world. Virgin
Australia, the second biggest airline of the down under, appointed an
administrator the other day to scout for a buyer after the government
rejected its plea for an A$1.4 billion loan.
www.trendsnafrica.com has been updating about the cataclysmic
developments in the SAA, wherein the beleaguered airline has been
virtually being closed down since the committee appointed by the
government found that it cannot be salvaged.
