Creditors of Air Seychelles want to shut down the airline

From Reuters:

“Holders of around $70 million in troubled bonds issued on behalf of state-owned Air Seychelles have filed a petition to wind up the African airline, they said in a statement, after a standoff over the unpaid debt.

The move is the latest effort by creditors to recover $1.2 billion owed by Abu Dhabi’s Etihad Airways and airlines it partly owned when the debt was issued in 2015 and 2016, such as Air Seychelles.”

Read the full report:

https://www.reuters.com/world/middle-east/creditors-file-winding-up-petition-air-seychelles-2021-08-26/