Airline “will not be to meet its financial obligations for the foreseeable future” due to Covid-19 pandemic, company says in statement emailed by Mauritius stock exchange.
- Travel restrictions, closure of borders in all the airline’s markets and cessation of all international and domestic flights “has led to a complete erosion of the company’s revenue base”
- Grant Thornton appointed administrators, effective at 2pm local time
Statement - Company’s shares suspended as from market close Wednesday until further notice
- NOTE: Feb. 13
Air Mauritius Swings to EU7.7 Million Profit in Third Quarter - NOTE: Government is the airline’s biggest shareholder
(Adds company’s shares suspended in fourth paragraph)
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Hilton Shone, Renee Bonorchis
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