The liquidator of Air Vanuatu (NF, Port Vila) has said it will cut 170 jobs at the grounded carrier to right-size the airline’s cost base and prepare the business for sale or recapitalisation.

“The restructuring at Air Vanuatu today is an unfortunate but necessary step to give the business the opportunity to bring on board new investors and capitalise on strong domestic and international demand for travel,” Sydney-based Ernst & Young partner Morgan Kelly said on May 31.

Air Vanuatu employs more…

Source: ch aviation
Read more: Jobs gone as liquidators prepare Air Vanuatu for sale