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guillelds
Topic Author
Posts: 72
Joined: Sat Aug 07, 2010 4:20 am

Avianca filles into Chapter 11 Protection

Sun May 10, 2020 6:54 pm

The title says everything: As expected, Avianca files into bankrupcy protection against its creditors in order to figure out a potential operational re-engineering. It was matter of time.. For those like me, there is no secret AV has been struggling for about 2 or 3 years,but now with COVID 19 outbreak, and therefore, lack of passenger airtraffic both domestic and overseas, and a reduction around 60% cargo traffic, it seems this 100 year anniversary has been very painful and no one knows if the airline will be 101 this incoming december, unless it receives some kind of assistance eitherby colombian government or foreign / domestic investors.
Link in spanish https://www.portafolio.co/negocios/empr ... -uu-540674
 
SpaceshipDC10
Posts: 7054
Joined: Tue Jan 01, 2013 11:44 am

Re: Avianca filles into Chapter 11 Protection

Sun May 10, 2020 6:55 pm

Yes, it's being discussed here: viewtopic.php?f=3&t=1446029
 
B764er
Posts: 144
Joined: Sat Feb 24, 2018 2:19 am

Re: Avianca filles into Chapter 11 Protection

Sun May 10, 2020 7:44 pm

AV now is more of a victim of circumstance than anything else. Every airline big and small is hurting right now. They need to spread their wings and fly jjust like the rest of them. We all know that

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