, entering voluntary administration, or business rescue, after travel disruptions from the coronavirus pandemic made it impossible for the airline to meet its financial obligations.Virgin Australia also entering into voluntary administration this week.
“Unfortunately, travel restrictions and the closure of borders in all our markets and cessation of international and domestic flights in this unprecedented crisis, has led to a complete erosion of the company’s revenue base,” the board of Air Mauritius said in a statement. Air Mauritius operates 13 aircraft and flies to 22 destinations, according to information on its website.
According to its latest annual report, it had 2,929 staff as of the end of March 2019, including outsourced staff. At the time, the airline employed 201 pilots. Air Mauritius had appointed administrators from Grant Thornton, who said in a separate statement that the airline industry is experiencing its worst crisis since World War 2.
“We should get used to news of this kind,” said Volodymyr Bilotkach, a lecturer in air-transport management at the Singapore Institute of Technology. “We’ll see more airlines go under.”
SAA is not alone......even Virgin Atlantic is in the ICU begging for bailout from UK government. This Chinese virus is dangerous