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British Airways sells Shares in Air Mauritius

Search ASIA Travel Tips .com Latest Travel News Send to Friend Wednesday, 25 June 2008

British Airways has reached an agreement to sell its 10.5% share in Air Mauritius for £3.2 million. The airline is selling its 3.84% share in Air Mauritius Ltd. to the Mauritian government and its 13.24% share in Air Mauritius Holding Company Limited to existing shareholders.

British Airways has held a 10.5% share in Air Mauritius since 1973.

Robbie Baird, British Airways' area general manager Asia Pacific and the airline's representative on the Air Mauritius board, said, "Our investment in Air Mauritius no longer forms a core part of our business strategy. We invested in the airline when it was a start-up airline. It is now a successful carrier, operating to the highest standards and no longer requires our involvement and support.

"I'm pleased to say that this sale has been done with the full co-operation of Air Mauritius and the Mauritian government."

Completion of the sale is expected within the next month.

See other recent news regarding: Airlines, Aviation, Flights, HotelsPromotions, New Hotels, British Airways, Air Mauritius, Mauritius

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