Air Mauritius - Administrators appointed
AIR MAURITIUS LIMITED (ADMINISTRATOR APPOINTED)
Communique 07 May 2020 - No discussions ongoing regarding a partnership with another airline
4th May 2020 - Air Mauritius- Creditors trust current administrators to rescue Air Mauritius
Resolutions passed at the First Creditors’ Meeting of Air Mauritius Ltd
PRESS RELEASE APRIL 27, 2020 - First meeting of creditors [FR]
NOTICE OF APPOINTMENT OF ADMINISTRATORS AND FIRST MEETING OF CREDITORS
Communique 25 April 2020 - Notice of appointments - Airmate Limited
Board Communique - 22 April 2020
STATEMENT FROM ADMINISTRATORS
(Paille en Queue Court- Port- Louis- Mauritius) Air Mauritius is currently under voluntary administration. Amidst the Covid-19 crisis, the Mauritian national carrier wishes to give itself the necessary breathing space and set the conducive conditions for restructuring opportunities in order to stay afloat. Sattar Hajee Abdoula, FCA and Arvindsingh K. Gokhool, FCCA have been appointed as voluntary administrators.
“At the outset, it is important to highlight that Air Mauritius has not filed for bankruptcy. Our objectives as Administrators are to safeguard the interests of the company and more importantly, reengineer its activities so that it can take off again once this crisis is over”, says Sattar Hajee Abdoula.
“The national airline is a key player of the Mauritian economy and is part and parcel of its history. Air Mauritius is, in addition, a source of pride for the people of Mauritius, and there is no doubt that as a country, we are all affected by this news. In such difficult times, it is essential that we get down to work without delay, along with all the partners of this industry to implement the measures deemed necessary to save the national airline”, says Sattar Hajee Abdoula.
The administrators are currently working with the Management to ensure that Air Mauritius continues to operate and plan the phased resumption of operations. Air Mauritius will maintain planned humanitarian flights for the repatriation of stranded passengers, including Mauritian nationals, as well as for the carriage of important medical supplies.
The new flexible booking policies that have been published on the company’s website are still valid for customers who have booked tickets or who are holders of vouchers for future travel. However, customers need to know that resumption of operations is subject to favourable evolution of the covid-19 situation and the lifting of travel restrictions by the authorities.
We shall be able to provide you with further information as we progress in the administration process.
Sattar Hajee Abdoula, FCA
Arvindsingh K. Gokhool, FCCA24 April 2020
This Communique is issued pursuant to Listing Rule 11.3 and the Securities Act 2005.