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$5.3m financial guarantee for Air Vanuatu

Christian Fernsby ▼ | November 21, 2020
The Vanuatu Government has agreed to make a guarantee to Air Vanuatu for an amount of VT592,392,950 ($5.3m).
Air Vanuatu
Guarantee   Air Vanuatu
The VT592 million guarantee will cover: Aircraft Leasing costs for Boeing 737-800 from Air Lease Corporation (ALC); ATR72-600 from Nordic Aviation Corporation (NAC); a Twin Otter from Capstone; Aircraft Insurance; and ATR72 return to service.

“Some people will be held responsible when the Commission of Inquiry complete its investigations,” Finance Minister Koanapo said.

Former Prime Minister Charlot Salwai agreed there are long outstanding issues such as overseas airport fees, and the figures requested will help pave the way forward.

Prime Minister Bob Loughman supported the motion and reminded parliament that Vanuatu exclusively owns the national airline.