BA announces Air Mauritius share sale

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