The first QF97 service took off from Brisbane shortly before 10pm on Monday night aboard the A330-200 VH-EBG, and will operate four times per week. The route is expected to add more than 100,000 annual seats between Australia and the Philippines.
Current assets, including cash on hand and inventory, have not been factored into the calculations as Air Vanuatu’s available financial information is “significantly out of date,” according to the liquidators.
Despite concerns the bondholders presently have a “barely arguable” case against Velocity, the Federal Court granted leave to join the frequent flyer program to the Virgin class action.
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