Had it not been for Nouakchott’s decision last September to participate in a capital increase by Mauritania Airlines, the company would have seen its six aircraft permanently stuck on le tarmac. Founded in 2009 on the instructions of President Mohamed Ould Abdelaziz, it has always been in deficit. Last year, it had consumed 85% of its capital and a supplier no longer wanted to give it credit. Moreover, in the Mauritanian capital, most businessmen still think that the company will not be able to escape the bankruptcy.
Its managing director, Mohamed Ould Biyah, knows that redressing the accounts will not be an easy task. During the five months following his appointment, in March 2021, he used all his strength of conviction to restore the confidence of his interlocutors.
A very good start to 2022
The paradox of Mauritania Airlines is that despite a