Air Seychelles Announces Winding Up Petition Withdrawal

Air Seychelles (HM) announced the winding-up petition, which had been filed against Air Seychelles initially on August 19, 2021, by the representatives of the Noteholder Committee of the Bondholders, was withdrawn on May 11, 2022.

The petition has been withdrawn on the basis that Air Seychelles has been able to provide the settlement funds of approximately USD 28m in escrow […] Air Seychelles entered into company reorganisation on October 04, 2021. Withdrawal of the winding-up petition is the first step toward the airline’s exit from the company reorganisation process. – Air Seychelles (HM) MEDIA STATEMENT on May 12, 2022.