On May 10, Air Vanuatu canceled all flights and grounded their planes. Shortly after, the airline went into liquidation. This left thousands of passengers booked with the airline stranded in the small Pacific island nation of Vanuatu. That being said, what happens when an airline goes bankrupt?
Air Vanuatu Files For Liquidation After Ceasing Operations
In recent years, the South Pacific airline has been struggling with labor shortages, rising operating costs, increased interest rates, and weather-related issues. These factors have combined to create the perfect situation for a decline in…
