The official signing of contracts for the newly appointed boards of Airports Vanuatu Limited (AVL) and Air Vanuatu Operations Limited (AVOL) took place yesterday, marking a fresh start for the two government-owned aviation enterprises.

Seven directors formally signed their contracts following their gazetted appointments last week. Finance Minister Johnny Koanapo, who oversees state-owned enterprises, said the new process reflects the government’s push for greater transparency and accountability in board appointments.

“We are following a process under the new Government Business Enterprises Act which ensures appointments are transparent,” Koanapo explained.

The Minister stressed that the government expects AVL and AVOL to grow beyond their current challenges and begin generating returns for the state through annual dividends. After the signing, the directors assured the government of their commitment to rebuilding the country’s aviation sector and strengthening performance in both enterprises.