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Monday, January 30, 2023

Air Mauritius Secures Funding To Meet Growing Demand

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Air Mauritius announced that it has exited voluntary administration and is increasing flight capacity to accommodate visitors from all over the world who are planning to visit the Indian Ocean paradise island for both business and pleasure.

The government of the Republic of Mauritius is investing Rs12 billion (US$280 million) in Air Mauritius with a loan to ensure the company’s long-term stability as international air traffic and tourism recover from the Covid-19 outbreak.

Air Mauritius is a strategic national asset at the heart of the government’s tourist and investment plan, providing Mauritius with its own passenger and cargo connectivity to meet market demands. Air Mauritius’ creditors largely supported the revised borrowing agreement.

“This new financial structure offers Air Mauritius the stability to rebuild and play a major role in the government’s economic development and tourist plans,” said Ken Arian, CEO of Airports Holdings Limited, the parent company of Air Mauritius. It is a statement of confidence in our employees and provides comfort for the future of our tourism business.

Air Mauritius is a globally recognized brand that will continue to provide short and long-distance passenger and cargo connectivity to some of our most important global markets.”

Passenger and freight flights will be accessible between Mauritius and Paris, London, Johannesburg, Mumbai, Antananarivo, and Reunion, with global connecting services. To accommodate demand, additional capacity and international lines will be provided.

Air Mauritius anticipates that Hong Kong, Kuala Lumpur, and Perth will be added at a later period. Domestic flights between Rodrigues and the rest of the world will restart in November 2021.

The network fleet has been reduced from 15 to 9 aircraft as part of the new structure — 4 x A350-900 and 2 x A330-900neo wide-body aircraft. The remaining three planes are ATR72-500s that will fly on domestic and regional routes. Air Mauritius now boasts one of the world’s youngest widebody fleets.

Mauritius will reopen its borders to fully vaccinated passengers on October 1, resulting in increased demand for flights. Visitors may be confident that the nation’s immunization effort, which has resulted in 83 percent of individuals being double-jabbed, will make them feel safe and protected. Non-vaccinated visitors are permitted to visit, subject to a 14-day quarantine period.

Air Mauritius, which flew throughout the voluntary administration and the Covid-19 pandemic, is optimistic about the future, and we are glad to welcome even more passengers back on board.

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