Air Vanuatu Seeks Bankruptcy Protection Amid Cancellations and Tourism Woes
The national carrier of Vanuatu has filed for bankruptcy protection after grounding flights and stranding travelers, highlighting significant challenges in the aviation and tourism sectors.
- Air Vanuatu canceled all international flights and filed for bankruptcy protection, affecting thousands of tourists.
- Ernst & Young appointed as liquidators, exploring options including sale to private operators.
- Tourism, accounting for a significant portion of Vanuatu's GDP, faces disruptions from the airline's instability.
- Government and airline officials are considering various recovery options to resume operations swiftly.
- Stranded tourists are being assisted by other airlines, with rebooking updates expected soon.
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