23.11.2020 - 13:20 UTC
The administrators of Air Mauritius (MK, Mauritius) have obtained permission from the country’s Supreme Court to postpone the watershed meeting of the airline from December 2020 up to June 30, 2021, saying they could not present a “viable long-term plan at this point” due to the impact of COVID-19.
The company has also obtained approval from the Stock Exchange of Mauritius (SEM) for an extension up to June 30, 2021, for the publication of its abridged consolidated audited financial statements for the year ended March 31, 2020, and subsequent quarterly results.
The Supreme Court has also granted the administrators an extension to June 30, 2021, to issue termination of employment notices to Air Mauritius staff.
Administrators Sattar Hajee Abdoula and Arvindsingh Gokhool, in a notice to SEM shareholders, said the recovery plan for the airline was ready to be presented in December. However, the impact of Europe’s second COVID-19 wave on international travel from the airline’s main markets in France and the United Kingdom, and strict sanitary measures in Mauritius for arriving travellers, made the...