The Vanuatu government is currently working with liquidators to work out a plan in which the remote South Pacific nation would not be left without an airline after its flagship carrier Air Vanuatu amassed large debts and had to suddenly declare bankruptcy, The Street reported. Travelers looking to get home were left stranded after the airline suddenly canceled all international flights off the island.
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Air Vanuatu announced on Thursday that the airline had cancelled international flights for four days and was considering bankruptcy protection for the South Pacific state-owned carrier, the Associated Press reported. It said that international flights were cancelled until Sunday and flights after that day were “under review.” “The Vanuatu government is now considering placing Air Vanuatu into voluntary administration,” a statement said, referring to a local equivalent of a U.S. chapter 11 bankruptcy.
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