Avient vows to continue flying despite subsidiary's bankruptcy

© Khunaspix Dreamstime.

Avient Aviation, the Zimbabwe-registered carrier, is set to continue operations despite its sales arm, Avient Ltd, going into administration.

The company, which specialises in carrying cargo between Europe and Africa, saw its founders and directors, Andrew and Samantha Smith, retire from the business in January. Company accounts filed at the end of 2011 show that while turnover fell 3% to £68.7m, operating profit fell 185% to record an operating loss of £1.7m, and profit fell 200% to a £1.9m net loss. ...