Under a Deed of Compromise approved by the country’s Supreme Court, all shares in Air Vanuatu will be turned over to the government-owned company AV3 and the airline handed back to its management.
In its first full year of unrestricted travel since COVID-19, New Zealand’s flag carrier transported 15.9 million passengers and operated 169,835 domestic and international flights, up from 12.3 million passengers and 152,000 flights in 2022.
Under a Deed of Compromise approved by the country’s Supreme Court, all shares in Air Vanuatu will be turned over to the government-owned company AV3 and the airline handed back to its management.