Air Vanuatu owes at least US$65m, liquidators say

'Position is dire': Air Vanuatu owes at least $110 million

Collapsed airline Air Vanuatu owes creditors $110 million and that number is expected to rise, the company's liquidators say.In a statutory report to creditors released this afternoon, liquidators from Enrst and Young have said the carrier's "financial position is dire".Air Vanuatu has an overall deficit of $US65.9 million ($98.6 million) and owes creditors $US73.5 million ($110 million), according to the report, which says the actual amount o…

Air Vanuatu owes at least US$65m, liquidators say

The dire extent of Air Vanuatu's demise has been revealed by the airline's liquidators EY.