|
Bankrupt Viva Macau owes Vietnamese creditors $1 million
It’s highly unlikely that Vietnamese creditors will collect their money from low-cost carrier Viva Macau, which has declared bankruptcy, a local ticketing agency has said.
The Global Distribution System Company said around 900 passengers; ticket agencies and airline service providers in Vietnam are affected by Viva Macau’s bankruptcy.
The failed carrier owed Vietnamese creditors close to a million dollars, the company said.
The company said it had attended a meeting in Macau last month where Viva Macau’s creditors discussed the future of the carrier. The bankruptcy option was selected.
The airline’s debts are estimated at around US$38 million while it has almost no assets.
Viva Macau started flying to Ho Chi Minh City at the end of 2007 and opened a new route to Hanoi in February 2010. It stopped flights to Vietnam in April.
Thanh Nien, TBKTSG Online
|
