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Air Mauritius received Rs3Billion

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Photo credit: Defi Media

From March 2020 to date, over Rs3Bn were granted to Air Mauritius (under voluntary administration), Defi Media reported, citing Finance Minister Renganaden Padayachy’s reply to a question from opposition MP Reza Uteem in Parliament on Tuesday.

The financial support came through the Wage Assistance Scheme (WAS) – Rs Rs 387.78M forthe salaries of Air Mauritius employees as well as an additional sum of Rs170M to Air Mate, a subsidiary of the airline.

In July 2020, US$47.5M were also reportedly granted to Air Mauritius as guarantee to the International Air Transport Association (IATA) to cover tickets issued by Air Mauritius. 

Minister Padayachy also said that another amount of Rs14.3M was granted to help it provide additional air freight capacity to help the import and export sectors.

The government finally granted new financial assistance of Rs 300M, following a request by the administrators for cash flowrequirements.

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