Also a low-cost airline "wings folded". Following the Hong Kong Oasis Airlines is also because of funding problems, Viva Macau Airlines also announced outage.
Viva Corporate Communications yesterday issued the "First Financial Daily" data indicate that the most direct reason is the company's outage, continue to oil the agreement is not reached with the exclusive fuel supplier on March 26, followed by March 28 Macau Civil Aviation Authority has revoked the company's Air Operator's rights, Macau airlines suspended its sub-franchise agreement.
Viva is expressed, there was a misunderstanding during the communication. The company is also the event the parties to communicate, hopes to resume operations, but the outside world began to speculate that some of the things in the liquidation.
Viva was founded in 2004, three Boeing 767, Macau the only one to provide direct flights between Macau and Australia, Japan, Vietnam and Indonesia Airlines.
On the surface, the fuse Viva outage because it failed to timely pay off and pre-paid fuel models, but the underlying reason is the Macau aviation industry downturn.
Macau Civil Aviation Authority, told this newspaper that the face of instability in the global financial tsunami, international fuel prices, competitive factors, the operation of the global aviation industry is facing a severe test, coupled with the realization of cross-strait direct flights, local aviation companies in the global economy encountered in recession under the influence of operational issues.
October 2008 until the end of 2009, the Macao SAR Government has five Viva loans, the purpose is so that it can survive the global financial crisis, but ultimately failed to survive Katrina Viva.
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