LCC Viva Macau declared bankruptcy following a meeting with over 160 of the airline's creditors, the Macau Daily Times reported Monday. The carrier already had grounded its operations earlier this year after its aircraft were reposed by lessors and its AOC was revoked, and the bankruptcy filing likely marks its final death knell. The Times reported that the airline's debt is estimated at MOP304 million ($38 million) with no assets. It is uncertain whether creditors will be able to ...

Subscribe to Access this Entire Article

"Grounded Viva Macau officially shuts down" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.