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 operational issues. The government appointed Ernst & Young to the…

Source: ch aviation
Read more: Air Vanuatu liquidation ends, control handed back to airline