Air Mauritius has exited voluntary administration, after successfully securing funding from the country’s government.
The government of Mauritius has injected 12 billion Mauritian rupees ($280 million) into the cash-strapped flag carrier via loans, allowing Air Mauritius to exit voluntary administration. The airline says that funding will provide long-term stability as international air travel is beginning to recover from the debilitating impacts of the pandemic.
“The new loan arrangement was overwhelmingly supported by Air Mauritius’ creditors,” read the airline’s statement released on September 30, 2021.
Air Mauritius entered voluntary administration in April 2020, after the carrier’s board determined that the airline would not be able to avert its financial difficulties.
After exiting restructuring, Air Mauritius will take off with a reduced fleet. The airline downsized from 15 to nine aircraft: four Airbus A350-900s, three ATR72-500s, and two Airbus A330-900neo aircraft.
Mauritius is reopening borders for fully vaccinated international travelers beginning October 1, 2021. Non-vaccinated travelers will be subject to mandatory 14-day self-isolation.