Mauritius plans to dismantle Airport Holdings
Prime Minister Navin Ramgoolam announced the government's intention to restructure Airport Holdings Ltd.
The Mauritian government plans to dismantle Airport Holdings Ltd and reorganize its structure, Prime Minister Navin Ramgoolam stated in Parliament on Tuesday. This move aims to address issues with responsibilities and potential conflicts within the company's entities.
Ramgoolam explained that action has already begun to review the current structure. He also addressed the possibility of re-listing Air Mauritius on the Stock Exchange of Mauritius, noting its withdrawal during voluntary administration when the company was near bankruptcy under the previous administration.
Air Mauritius is still in a recovery phase following its exit from voluntary administration. The government's priority is to strengthen its financial foundations before considering a re-listing on the stock exchange.
Why it mattersThe government's plan to dismantle Airport Holdings and reorganize its structure will affect the management and operations of state-owned aviation entities.