Air Seychelles sets final terms in Etihad debt row
Air Seychelles sets final terms in Etihad debt row
NAIROBI- State-owned Air Seychelles will not pay more than $20 million to holders of bonds worth $72 million, a government official told Reuters, even though creditors have threatened to wind the African airline up if they are not paid in full.
The standoff is the latest twist in broader efforts 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.
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