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,
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
Completion of the sale is expected within the next month.
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