Air Mauritius is running out of time to save the carrier as losses continue to accumulate and are on course to reach $225 million by the end of March 2021 unless costs are cut, according to a statement by the company’s administrators.
“Constructive and reasonable propositions from the unions with regard to collective agreements will allow us to save as many jobs as possible and to mitigate the social impact of the restructuring,” according to the statement. “We need to bear in mind that the more we delay, the options that we have right now will shrink.”
The company is flying old Airbus A340 planes for humanitarian purposes because it risks newer jets being seized by creditors for unpaid leases, according to the statement by the Stock Exchange of Mauritius.
Air Mauritius has been under voluntary administration since April 22.