BA agree Mauritius sale

A shareholding taken by British Airways in 1973 looked set to raise £3.2m (€€4m) for the airline today.

BA secured its 10.5% stake in Air Mauritius during the early days of the Indian Ocean-based carrier.

Robbie Baird, BA’s representative on the Air Mauritius board, said: “It is now a successful carrier, operating to the highest standards and no longer requires our involvement and support.”

The airline will sell its 3.84% share in Air Mauritius to the Mauritian government and its 13.24% share in the Air Mauritius Holding Company to existing shareholders.

BA said the sale, which it hopes to complete within the next month, had been struck with the full co-operation of Air Mauritius and the Mauritian government.