Air Vanuatu will exit liquidation soon after Vanuatu's supreme court approved the implementation of a deed of compromise with government-owned entity AV3. The orders allow for the transfer of Air Vanuatu's shares to AV3, two days after which it will formally exit liquidation and be handed back to its management, EY says in a statement provided. Creditors approved the Deed at a 21 August meeting. "The implementation of the Deed of Compromise maximises the return to creditors and presents an opportunity for the Air Vanuatu business to continue, saving jobs and providing vital aviation services for Vanuatu," says liquidator Morgan Kelly. AV3, which is wholly owned by Vanuatu's foreign affairs ministry, has proposed to recapitalise the airline and would see it emerge from liquidation with around $16.8 million still owed to secured and partially secured creditors and employees, a creditor's report shows. Partially secured creditors, which include aircraft lessors and financiers, will receive no distribution but Air Vanuatu "will engage with these parties to restructure their arrangements into the future". Documents show that two lessors and financiers are owed around $2.94 million. AV3 will contribute $3.3 million to a fund in three tranches over 10 months to pay unsecured creditors' claims, after which they will release all claims and receive around US 5 cents per dollar. Hurley Lawyers and K&L Gates acted on behalf of the liquidators. Fleets data shows that the airline has an ATR 72-600 in service which is leased from Falko, while a De Havilland Canada DHC-6-300 Twin Otter leased from Air Tuvalu is in storage. It has another Twin Otter that is owned unencumbered while a third is on finance lease. It also has a Britten-Norman BN-2B Islander that is unencumbered. Air Vanuatu also holds an order for two Airbus A220-300s and one -100, but an earlier liquidator's report states that the order was cancelled in 2019 but a $20 million deposit had not been returned. The airline previously operated a Boeing 737-800 which had been repossessed by Air Lease Corporation in Melbourne prior to the airline entering liquidation in May.

A Doric-managed fund, Doric Nimrod Air Two, has sold two Airbus A380s to Emirates following the end of their leases with the Middle Eastern carrier. The aircraft, bearing MSNs 105 and 106, have been sold for £61.4 million ($80.5 million), says the fund in a London Stock Exchange filing. It adds that for its three remaining A380s (MSNs 107, 109 and 110), operating leases will continue as contracted until the respective lease-end dates. In August, the fund agreed to sell five A380s on lease with Emirates to the carrier.

LATAM Airlines Group plans to coat four Boeing 777-300ERs with the drag-reducing AeroShark film developed by Lufthansa Technik and BASF following a trial on an initial aircraft. The MRO provider has disclosed that a LATAM Airlines Brasil-operated 777-300ER was partially covered with the ribbed surface film in December 2023 and has since shown fuel-burn savings of about 1%. Five LATAM Airlines Brasil 777-300ERs "will soon be cruising the skies" with the sharkskin-inspired technology, LHT says, adding that the next modification is scheduled for November. Fleets data shows the Sao Paulo-based carrier has 10 777-300ERs. Lufthansa Cargo and group sibling Swiss previously adopted the technology in their 777 fleets. All Nippon Airways in September disclosed that it had covered one of its 777 Freighters with the film and was planning to use it across its passenger and cargo fleet. LHT says a total 21 777s are in service with the technology now and that the MRO provider intends make it available on additional aircraft types.