News / Insolvent AV Cargo Airlines set for a new start as creditors agree breathing space

08/01/2015

AV Cargo Airlines, the resurrected Avient, has entered a Company Voluntary Arrangement (CVA), a device used by insolvent companies to pay creditors over a fixed period.

In a meeting in November, creditors, who are owed 96% of the company’s £4m debt, agreed to the CVA, with ...

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