Air Mauritius, the flag carrier of Mauritius, has officially entered voluntary administration as a result of the effects of COVID-19. This video covers the details of Air Mauritius' administration and potential collapse. ✈ Ishrion Aviation is an Aviation Channel bringing you the latest aviation news and developments and aviation analysis to your fingertips.
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Music:
Hope by Bausic Productions:
Footage:
Air Mauritius A330neo and Air Mauritius A350 by Air Mauritius
Air Mauritius A330neo landing in Perth by Perth Airport
Virgin Australia A330 by Perth Airport
South African Airways A350 by South African Airways
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Transcript:
By placing Air Mauritius into administration, the Board of Directors for the airline will safeguard the interest of Air Mauritius and its stakeholders.
Air Mauritius has been facing issues before this as the airline set up a Transformation Steering Committee in January 2020 to address the current financial difficulties and ensure a sustainable future.
In 2019, the airline reported a net loss of 29 million EUR. In contrast, Air Mauritius had a net profit of 4.9 million EUR in 2018.
According to the airline, this unprecedented crisis has “led to a complete erosion of the Company’s revenue base”.
The airline believes international demand will not return until late 2020, however, this continues to remain unclear.
Air Mauritius has grounded a majority of its fleet and suspended all domestic and international flights due to travel restrictions and lack of demand.
Air Mauritius currently has a fleet of 13 aircraft consisting of ATR 72-500s, Airbus A319s, A330-200s, A330-900neos, A340-300s, and A350-900.
The airline is currently leasing two A350-900s to South African Airways, another struggling airline which may collapse soon.
Air Mauritius had an extensive route network from its hub in Plaisance Airport with destinations such as Cape Town, Delhi, Hong Kong, London, Paris, Perth, Singapore, and more.
This isn’t the first airline to enter administration during this crisis. Virgin Australia recently placed itself into voluntary administration just days ago.
As always, administration does not mean the end for the airline. The Government of Mauritius could come into play to save the flag carrier.
French Translate:
En plaçant Air Mauritius sous administration, le conseil d'administration de la compagnie aérienne protégera les intérêts d'Air Mauritius et de ses parties prenantes.
Air Mauritius a été confrontée à des problèmes auparavant, car la compagnie aérienne a mis en place un comité directeur de la transformation en janvier 2020 pour résoudre les difficultés financières actuelles et assurer un avenir durable.
En 2019, la compagnie aérienne a déclaré une perte nette de 29 millions d'euros. En revanche, Air Mauritius a réalisé un bénéfice net de 4,9 millions d'euros en 2018.
Selon la compagnie aérienne, cette crise sans précédent a «entraîné une érosion complète de la base de revenus de la société».
La compagnie aérienne pense que la demande internationale ne reviendra pas avant la fin de 2020, mais cela reste incertain.
Air Mauritius a immobilisé la majorité de sa flotte et suspendu tous les vols intérieurs et internationaux en raison de restrictions de voyage et du manque de demande.
Air Mauritius dispose actuellement d'une flotte de 13 appareils comprenant des ATR 72-500, des Airbus A319, des A330-200, des A330-900neos, des A340-300 et des A350-900.
La compagnie aérienne loue actuellement deux A350-900 à South African Airways, une autre compagnie aérienne en difficulté qui pourrait bientôt s'effondrer.
Air Mauritius avait un vaste réseau de routes depuis son hub de l'aéroport de Plaisance avec des destinations telles que Le Cap, Delhi, Hong Kong, Londres, Paris, Perth, Singapour, et plus encore.
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#AirMauritius #AirMauritiusAdministration #Aviation
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