Creditors Withdraw Petition Against Air Seychelles
Air Seychelles, which entered administration last year, has avoided liquidation now that creditors have withdrawn their petition. Representatives of the noteholder committee of the bondholders have withdrawn their earlier petition, which called for the financially-troubled carrier to be wound up….
Air Seychelles Cuts Debt Through New Rescue Plan
The Seychelles’ national airline Air Seychelles, which is in voluntary administration, has reached a deal with creditors to pay only one-third of its debt. State-owned Seychelles News Agency, quoting the airline’s administrators, says the flag carrier will pay US$27.8 million…
Air Seychelles Enters Administration
Republic of Seychelles’s national airline Air Seychelles has entered administration, and two administrators have been appointed to examine the books of the financially-troubled carrier to determine its future. In a joint press release, by the Seychelles’ Ministry of Transport and…
Creditors Petition For Debt-Ridden Air Seychelles To Be Wound Up
Republic of Seychelles’s national airline Air Seychelles is due to appear in court after creditors filed a petition to wind up the airline over debts owed. State-owned Seychelles News Agency says the country’s president Wavel Ramkalawan and ministers will meet…
Best on the Web: Regional Express , Thai Airways , Nok Air , Trans Maldivian , Garuda Indonesia , Citilink , Cebu Pacific and Air Seychelles
Stories include Rex successfully launching Melbourne-Sydney services today, Thai Airways selling its stake in Nok Air, Trans Maldivian adding ATRs, Indonesia’s Citilink adding ATRs, Cebu Pacific adding aircraft, Biman Bangladesh gets new CEO and Air Seychelles offers staff voluntary redundancy. …
