Air Vanuatu: Another Airline Headed to Bankruptcy

In yet another blow to aviation in the Australia/Pacific region this week, Air Vanuatu has cancelled all international flights for five days as it considers bankruptcy protection.

A statement from the airline said,

“The Vanuatu government is now considering placing Air Vanuatu into voluntary administration. The international firm Ernst & Young has been appointed to assist the Vanuatu government in reviewing available options and put forward recommendations. Ernst & Young representatives arrived in Port Vila today to begin an assessment of Air Vanuatu’s financials and are being assisted by the Vanuatu Government and the Air Vanuatu team.”

In conflicting messages the Air Vanuatu read more ⇒

Source:: AirlineRatings.Com

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