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The crisis created by the coronavirus pandemic has little pity on airlines. Yet another airline has confirmed that it has gone into voluntary administration due to the lack of financial abilities to stay afloat. This time it is Air Mauritius.
In a statement on its social media the company said that in January the airline was already troubled with financial issues and its Board formed a Transformation Steering Committee to review the company’s business model with an aim to secure the carrier’s business operations.
The crisis, though, has made things even more complicated. Travel restrictions, flight limitations and gloomy future as to when the operations will be re-launched make Air Mauritius unable to make plans and “meet its financial obligations” in the near future.
For this reason, the Board of the 52 years old airline has made a decision to put Air Mauritius under voluntary administration “to safeguard the interest of the Company”. The future of the airline is still not known.