Air Vanuatu has filed for bankruptcy protection a day after the South Pacific state-owned carrier cancelled all international flights
Air Vanuatu filed for bankruptcy protection on Friday a day after the South Pacific state-owned carrier cancelled all international flights. Ernst & Young Australia’s Morgan Kelly, Justin Walsh and Andrew Hanson were appointed liquidators in a local equivalent of a U.S. Chapter 11 bankruptcy, the firm said in a statement. Thousands of travelers have been left stranded by the cancellations.
“Air Vanuatu is critical to the people of the Republic of Vanuatu and a strategically important business to the nation,” Kelly said. “Our team is working closely with management to ensure continuity of service to customers and to ensure services continue as seamlessly as possible.” “The outlook for the airline is positive, despite pressures on the broader industry, and we will be focused on securing the future of this strategically vital national carrier,” he added.
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