Avianca Files For Chapter 11

Colombian airline Avianca filed for Chapter 11 bankruptcy protection over the weekend, the result of the global collapse of air travel due to the COVID-19 pandemic. According to the company, “Avianca’s scheduled passenger operations have been...

Avianca Files For Chapter 11

Colombian airline Avianca filed for Chapter 11 bankruptcy protection over the weekend, the result of the global collapse of air travel due to the COVID-19 pandemic. According to the company, “Avianca’s scheduled passenger operations have been grounded since mid-March, reducing its consolidated revenue by over 80% and placing significant pressure on its cash reserves.” Under […]

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