Air Mauritius Limited (AML) hit the news with the forthcoming appointment of Mr. Megh Pillay, the current CEO of Mauritius Telecom Ltd., as its new managing director. In a press communiqué, AML announced that Mr. Vinod Chidambaram will not renew its contract and will retire on the 25th September 2003. Last week, AML shares jumped by 4.4% to Rs16.50.
source: L'Express
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