As a responsible employer, we look after the well being of our employees beyond their careers with the company through the Air Mauritius Pension Fund. We believe this fund provides pension benefits that are among the best in Mauritius. To maintain this leadership position, we recently set up a high-level task force to ensure optimal management of the pension fund, in line with principles of good governance. Such steps will also ensure that the pension fund continues to be relevant to the need of our employees and that the financial risks that are inherent in such arrangements are kept under control. This has resulted in a large provision for pension benefits in this year's accounts, and is a clear indication of our commitment to prudent accounting Principles.
Growth is achieved in two ways, organically and by acquisition or development.
Therefore, Air Mauritius will invest in new business opportunities only if they can clearly be seen to add value by generating revenue streams that outperform all costs. In turn, Air Mauritius believes that value creation can only be achieved through a customer-focused strategy whereby the company strives to meet and exceed the expectations of its customers. Value creation is an all-encompassing concept that should permeate the whole organisation. As such, Air Mauritius aims to continuously improving its business processes, technologies and intellectual capital. In the midst of escalating competition and deregulation in the aviation industry, it is critical that we maintain the support of our major shareholders, as we consider such support extremely instrumental to Air Mauritius' past and future success.