Air Vanuatu entered liquidation on 9 May 2024 and Morgan Kelly, Andrew Hanson and Justin Walsh of EY have been appointed as Joint and Several Liquidators of the Company.

 All flights have been grounded with immediate effect.

Customers

If you are due to fly with Air Vanuatu, please DO NOT TRAVEL TO THE AIRPORT unless you have arranged an alternative flight with another airline. Please note that Air Vanuatu is unfortunately not able to arrange alternative flights for passengers at this stage.

Clare’s promotion is a clear recognition of her talent, leadership, expertise and commitment to the development of our people. We are truly fortunate to have Clare joining our partnership, and we look forward to many successful years ahead. 

How can a grounded business fly high again?

The HNA Group was already struggling when COVID-19 compounded its debt crisis.

It had seemed like an expansionist success story. Starting out as a one-aircraft operator in China’s southernmost province of Hainan in 1990, HNA became the country’s fourth largest airline after a decade of highly leveraged acquisitions.

How can a government bounce back from insolvency?

Struggling with debt, Puerto Rico’s government needed a comprehensive plan to reduce its liabilities and restore economic prosperity.

"It was clear that Puerto Rico was in deep financial distress,” says David Skeel, Chairman of the Oversight Board appointed to help the Commonwealth get back on track. “It wasn't just one area... It had too much debt. The government was too big. The government was inefficient, and it was just clear that everybody, across the board, had to sacrifice to get things back on track.”

The Pindan Group commenced operations in 1977 and operated a multi-disciplinary construction and property development business predominantly in WA.

EY Partners were appointed as Administrators of EncoreFX (Australia) Pty Ltd and successfully implemented a process to assess proprietary claims and return funds to impacted creditors.

On 30 March 2020 Adam Nikitins and Stewart McCallum were appointed joint and several Voluntary Administrators of EncoreFX (Australia) Pty Ltd (“EncoreFX”).

EY Partners were appointed as Administrators of Sargon and achieved a successful sale of its business and asset via an accelerated sale process.

On 3 February 2020, Stewart McCallum and Adam Nikitins were appointed Joint and Several Voluntary Administrators of eight entities within the Sargon Group (“Sargon”).

How can you keep engines running when there’s no gas in the tank ?

The outlook appeared bleak when the pandemic interrupted sales for the over-leveraged small-engine maker.