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Air Vanuatu liquidation ends, control handed back to airline

Summary by Ch-Aviation
Ernst & Young have stepped down as the liquidators of Air Vanuatu (NF, Port Vila) after court-imposed conditions were satisfied, according to an October 15, 2024, notice. This follows a creditor's vote in August to approve an entity called AV3 Limited buying the airline. AV3 is a special-purpose vehicle owned by Vanuatu's Ministry of Foreign Affairs. State-owned Air Vanuatu suspended flights in early May due to high debt levels and ongoing opera…
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