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Airports Vanuatu Limited (AVL) is a private company incorporated under the Vanuatu Companies Act (Cap 191) but with share stock held by two Government Ministers, namely the Minister for Infrastructure & Public Utilities and the Minister for Finance & Economic Management. It has an independent 5 member Board of Directors with members appointed as representatives of the Vanuatu Finance Centre, the Vanuatu Chamber of Commerce, the Vanuatu Hotels and Resorts Association, and representatives of the two shareholding ministries. While it is Government owned, AVL operates largely autonomously from Government, does not receive Government subsidies, and sources its finance from the commercial financial markets.

Formed in 2000 as part of a restructure of the former Civil Aviation Department, AVL is licenced under the Civil Aviation Act No. 16 of 1999 as the operator of the three international gateway airports, and of the national air traffic services and air navigation system. AVL is also the recognised Aviation Security Service provider under the Vanuatu Aviation Security Act No. 10 of 2007). In 2005, AVL established its wholly owned subsidiary, Vanuatu Terminal Services, which operates freight handling terminals in Port Vila and Luganville, and provides aircraft ground handling services.

In 2009 the company and its subsidiary employs approximately 175 staff spread over its three airports. In calendar year 2008, the airport system supported over 680,000 passenger movements, comprising around 216,000 international and 225,000 domestic passengers at Port Vila, 75,000 movements at Santo, and 42,000 movements at Tanna.

AVL CORPORATE VISION

In the interests of all stakeholders, Airports Vanuatu Limited seeks to be an airport business that is world-class in safety, security and customer service, has sound financial performance, and to be  recognised as a good corporate citizen and key contributor to the economy of Vanuatu.

GUIDING PRINCIPLES/VALUES

AVL, in all its activities, will give due consideration to the following guiding principles / values:

·          Hold the safety, security and efficiency of its activities as paramount;

·          Act in the best interests of Vanuatu and its people;

·          Be in total compliance with all relevant laws, standards and practices;

·      Operate in accordance with sound commercial principles with a view to

      generating appropriate shareholder returns;

·         Have a commitment to be a model employer, show respect to staff and be

      concerned for their welfare and development;

·          Be proactive in its commitment to the provision of the best possible customer

      service; and

•   As far as practicable, be open, honest and transparent in all its activities.