Air Vanuatu (NF, Port Vila) has grounded its aircraft, cancelled flights, and axed its board after it asked Ernst & Young to advise on whether it should file for voluntary administration. The chairman of the now defunct board, Alain Lew, told Port Vila’s Daily Post that the government approached the administrators on May 6. Several days before that, a lessor filed an insolvency claim against the airline.

The airline has cancelled around 20 flights to Australia, New Caledonia, and New Zealand through to May 12…

Source: ch aviation
Read more: Air Vanuatu pauses ops as lessor files insolvency petition