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https://www.aerotelegraph.com/en/air-ma ... ssible-endAir Mauritius Administrators Say Running Out of Options
2 juni 2020 10:04 Updated on 2 juni 2020 11:45
Cumulative losses to hit $237 million by end of March 2021
Airline is flying old aircraft to prevent seizure of new jets
Air Mauritius administrators are running out of time
to save the airline as recurrent expenses pile up, costs of servicing leases for new aircraft accumulate
and unions fail to give constructive proposals on job cuts.
Cumulative losses for the three fiscal years through March 2021 could reach 9.5 billion rupees ($237 million)
if costs are not cut in the short term.
At the current rate, the airline will require a cash injection of 10.3 billion rupees
to meet its financial commitments, according to a document seen by Bloomberg.
The company known as MK is using old Airbus A340 planes for humanitarian flights
because it risks newer jets being seized by creditors for unpaid leases,
according to the emailed statement.
Administrators asked employees with more than 33 years of service to opt for retirement from the end of July, according to the document.
Air Mauritius calls in Grant Thornton for restructuring
11 June 2020
Air Mauritius has become the latest victim of the ongoing crisis in the aviation sector,
entering voluntary administration to avoid going bankrupt.
Grant Thornton has been flown in to manage the restructuring process.
https://www.ch-aviation.com/portal/news ... p-for-sale08.07.2020 - 09:26 UTC
Air Mauritius (MK, Mauritius) has put part of its wholly-owned fleet of aircraft
- two A340-300s, one A330-200, and two A319-100s -
up for sale as part of its fundraising drive.
According to a Request For Proposals (RFP) published on July 7, the aircraft in question are:
A340-300s 3B-NBD (msn 194) and 3B-NBE (msn 268);
A330-200 3B-NBL (msn 1057);
A319-100s 3B-NBF (msn 1592) and 3B-NBH (msn 1936).
A340-300 3B-NBD is 22.79 years of age and as of March 31, 2020, had amassed 93,546 hours via 13,615 cycles.
A340-300 3B-NBE is 21.28 years of age and, as of March 31, 2020, had amassed 89,519 hours via 13,019 cycles;
A330-200 3B-NBL is 10.79 years of age, is powered by General Electric CF6-80E1A3s,
and had amassed 43,846 hours via 8,471 cycles as of March 31, 2020;
A319 3B-NBF is 18.83 years of age and amassed 43,750 hours via 16,402 cycles as of March 31, 2020.
A319 3B-NBH is 17.38 years of age and amassed 40,910 hours via 14,734 cycles as of March 31, 2020.
Proposals are due by 1600L (1200Z) on August 11, 2020.
The dormant carrier, which is battling to stave off bankruptcy,
also owns two A350-900s and a single ATR72-500.
Air Mauritius: fin du voyage pour 137 employés
2 AOÛT 2020
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