Air Mauritius has received a critical financial lifeline from its parent company, Airport Holdings Ltd (AHL), which has formally converted a US$176 million shareholder loan into equity. This move comes as AHL acknowledges the airline’s ongoing financial challenges and aims to stabilize its capital structure during a period of fiscal strain.
Air Mauritius has officially announced the departure of Chief Executive Officer (CEO) Charles Cartier, effective immediately. This decision was made during the company’s Annual General Meeting (AGM) held on February 6, 2025, where shareholders chose not to renew Cartier’s mandate. Consequently, a managing committee has been established to oversee the airline’s operations during the transitional period until a new CEO…
Air Mauritius, facing ongoing financial difficulties, is in urgent need of an equity cash injection, according to its newly appointed chairman, Kremchand Beegoo. The airline is actively working to assess its financial standing, restructure its ownership model, and convince shareholders to support its recovery.
Air Mauritius has announced the appointment of Kremchand Beegoo as its new chairman, leading the airline’s strategic direction. Alongside Beegoo, the company has introduced a new board comprising 13 members to support the airline’s governance and operational objectives. The reshuffling of the leadership comes during a pivotal time for Air Mauritius, as the carrier continues its recovery and…
The Mauritian government has announced plans to investigate Air Mauritius, the nation’s flag carrier, in response to a series of internal disputes that have reportedly created a climate of unrest within the organization. The move aims to address issues ranging from resignations and corruption allegations to workplace grievances and accusations of intimidation.
Air Mauritius has announced the return of its seasonal direct flights between Geneva, Switzerland, and Mauritius for the winter 2024-2025 season.
