
Prime Minister of Mauritius: “Theft” at Air Mauritius after aircraft sales
The Prime Minister of Mauritius, Navin Ramgoolam, has made serious allegations against those responsible for aircraft sales by the national airline, Air Mauritius. In a statement to the National Assembly on April 15, Ramgoolam spoke of "theft" of the airline's funds. Between 2017 and 2021, Air Mauritius suffered losses of 1,22 billion Mauritian rupees, equivalent to approximately 27 million US dollars, due to these sales. Ramgoolam promised a full investigation into the events and the prosecution of those responsible. The Prime Minister was responding to a query regarding losses from aircraft sales and capital injections to Air Mauritius between December 2014 and December 2024. According to reports in the Mauritian daily newspaper L'Express, Ramgoolam stated that Air Mauritius had generated a profit of MUR 2013 million in 2014 and 359,2, but suffered cumulative losses of MUR 2015 billion between 2024 and 7,72. These losses were largely due to several aircraft sales. Ramgoolam specifically cited the sale of an Airbus A340-300 as part of a leaseback deal in 2017/18, which resulted in a loss of MUR 107,8 million. During Air Mauritius's insolvency administration in 2021/22, two Airbus A319-100s and one Airbus A330-200 were sold at losses of MUR 338,1 million and MUR 637 million, respectively. In addition, two other Airbus A340-300s were dismantled and sold to a private company for spare parts, resulting in a loss of MUR 137,2 million. Ramgoolam also addressed the role of the state-owned holding company, Airport Holdings Ltd (AHL), through which Air Mauritius indirectly raised capital of MUR 12 billion.