Air Seychelles posts its first full-year profit of $8.4 million since 2016

Air Seychelles has posted its first full-year profit of $8.4 million since 2016. The airline had recorded a small $425,000 gain in 2016. The airline settled a $28.16 million debt owed to bondholders, closing a chapter on its $71.5 million debt burden and emerging from administration successfully.  Air Seychelles implemented cost-saving measures, changed its fleet, and operated charter flights to survive the pandemic, contributing to its improved financial performance in 2022. Air Seychelles entered company reorganization with the appointment of administrators in October 2021. Its financial difficulties came from the debts incurred during the stewardship by Etihad Airways. Its restructuring