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Air Mauritius seems to have seen off the threat of liquidation after an agreement with its creditors to restructure its debt through a massive Rs12 billion government bailout. Out of this, Rs 9.5 billion is just to pay off the debt the airline had struggled wAir Mauritius: The national carrier’s saga… that ended in disaster
Air Mauritius seems to have seen off the threat of liquidation after an agreement with its creditors to restructure its debt through a massive Rs12 billion government bailout. Out of this, Rs 9.5 billion is just to pay off the debt the airline had struggled with before heading into voluntary administration in April last year. What went so wrong with Air Mauritius? The real roots of the bailout AIR Mauritius has headed off a liquidation, coming to a deal to restructure the air- line’s debts after a massive Rs12 billion bailout from the government. “This is a compromise... Read more