Colombia’s Avianca Applies for Chapter 11 Bankruptcy Protection
Bogota, 10 May 2020 – The second-largest airline of Latin America, Avianca, has today applied for Chapter 11 bankruptcy protection through its New York Stock Exchange-listed parent company Avianca Holdings S.A at a New York court. The filing was necessitated by the unforeseeable impact of the COVID-19 pandemic, which has resulted in a 90% decline…
