bankruptcy Archives - Airspace Africa https://airspace-africa.com/tag/bankruptcy/ Latest news and insights from the aviation and travel industry in Africa Thu, 17 Nov 2022 17:44:01 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://airspace-africa.com/wp-content/uploads/2021/05/cropped-African-Airspace-Logo-Favicon-01-32x32.png bankruptcy Archives - Airspace Africa https://airspace-africa.com/tag/bankruptcy/ 32 32 Air Seychelles Exits Administration, Focuses on Growth https://airspace-africa.com/2022/11/17/air-seychelles-exits-administration-focuses-on-growth/?utm_source=rss&utm_medium=rss&utm_campaign=air-seychelles-exits-administration-focuses-on-growth https://airspace-africa.com/2022/11/17/air-seychelles-exits-administration-focuses-on-growth/#respond Thu, 17 Nov 2022 17:21:56 +0000 https://airspace-africa.com/?p=8391 After having implemented its renationalisation plan, the Seychellois State, personally involved in the process of rescuing Air Seychelles, is now aiming for a total recovery of the company. This is after the national company Air Seychelles, formally withdrew from the judicial administration which was imposed on it in October 2021 because of its debt situation. [...]

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]]> https://airspace-africa.com/2022/11/17/air-seychelles-exits-administration-focuses-on-growth/feed/ 0 Air Seychelles reduces debt burden in latest restructuring effort https://airspace-africa.com/2022/01/31/air-seychelles-reduces-debt-burden-in-latest-restructuring-effort/?utm_source=rss&utm_medium=rss&utm_campaign=air-seychelles-reduces-debt-burden-in-latest-restructuring-effort https://airspace-africa.com/2022/01/31/air-seychelles-reduces-debt-burden-in-latest-restructuring-effort/#respond Mon, 31 Jan 2022 20:43:21 +0000 https://airspace-africa.com/?p=5204 Air Seychelles (HM) has come to an agreement with key stakeholders to pay only one-third of its debt as it seeks to restructure its debt and emerge from bankruptcy under the government stewardship. State-owned Seychelles News Agency, quoted the airline’s administrators, saying the flag carrier will pay US$27.8 million out of its US$76 million initial [...]

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