Air Seychelles Enters Administration

Air Seychelles (HM) enters administration:

Mr Bernard Pool, assisted by Mr Suketu Patel, has been appointed as administrator of Air Seychelles. Their task will be to consider the optimum ways of restructuring the company and settling its debts. During the company reorganisation, the company will continue to operate normally with the same management and Board of Directors under the supervision of the administrators, who will prepare and present to the creditors – the main ones being the bondholders and the Government – a rescue plan for the company. This process is expected to take 3-6 months. In the meantime, all the employees of the company will remain in post and the operations of the company will continue as before.

^{Air Seychelles, Ministry of Transport, joint media release on October 05, 2021.}