Aviation

Air Vanuatu

Submitted by rebecca.spiridon on Thu, 05/09/2024 - 23:25

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.

How an insolvent travel industry giant got back on track

Submitted by admin on Thu, 03/02/2023 - 01:51

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 to sell a travel business when no one is traveling

Submitted by admin on Fri, 08/20/2021 - 05:18

How do you rescue a grounded airline when everything is up in the air?

EY-Parthenon was appointed to handle Flybe’s administration after a build-up of pressure on the struggling airline.

The past 18 months have certainly been challenging for the travel industry, but it was events prior to the pandemic that led to the EY-Parthenon Turnaround & Restructuring Strategy team working with Flybe for the first time.