2008 Global Financial Crisis and Viva Macau
After the Global Financial Crisis of 2008, the company struggled financially and the Macau SAR government provided financial support to the airline. During 2008–2009, the Macau SAR government lent Viva Macau MOP200 million to help improve the airline's sustainability, after taking similar action to rescue Air Macau.
On 28 March 2010, the Civil Aviation Authority of Macau ordered Air Macau to cancel its sub-concession agreement with Viva Macau, alleging that Viva Macau failed to adequately assist passengers affected by flight delays and cancellations. The government then quickly revoked Viva Macau's Air Operator's Certificate, saying that without a sub-concession, the airline was not compliant with the requirements for public air transport services. The action is currently under appeal in the Macau courts and has raised questions for foreign investors regarding Macau's regulatory environment. The Macau SAR government provided assistance to passengers who were stranded because of the suspension of Viva Macau's operations. Viva Macau did plan to resume operations on the 2 April but those plans fell through.
Read more about this topic: Viva Macau
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