Colombian airline Avianca states has done bankruptcy course of action

Table of Contents

A emblem of aviation enterprise Avianca is pictured at the headquarters creating in Bogota, Colombia August 29, 2019. REUTERS/Luisa Gonzalez

Sign up now for Free unlimited accessibility to

BOGOTA, Dec 1 (Reuters) – Colombian airline Avianca (AVT_p.CN) claimed on Wednesday it has productively concluded its Chapter 11 personal bankruptcy course of action, a month after a U.S. court docket authorized its reorganization process.

“Now the prior conditions have been completed,” the airline claimed in a assertion from Bogota. Avianca “has emerged productively from claimed system.”

Avianca, alongside with rival Chile’s LATAM Airways (LTM.SN), have been the two biggest carriers in the region prior to the coronavirus pandemic, but equally had been sent into personal bankruptcy restructuring when the virus upended air journey, amid in particular strict limits in Latin The us.

Sign-up now for No cost unrestricted obtain to

Avianca experienced currently posted various many years of losses prior to the pandemic started, and went through a boardroom coup in 2019 led by United Airways (UAL.O).

The Southern District of New York accepted the firm’s reorganization prepare in early November, a day in advance of Avianca declared it will go its domicile to Britain and its stock will no for a longer time be traded on the Colombian stock exchange. study much more

As soon as its principle domicile is established in Britain, the organization will be recognised as Avianca Team Global Ltd. Its current shareholders will not get any payout or be provided as shareholders in Avianca Team, the airline has reported.

(This story refiles to improve to ‘airline’ from ‘airliner’ during)

Register now for No cost limitless accessibility to

Reporting by Julia Symmes Cobb
Editing by Marguerita Choy

Our Criteria: The Thomson Reuters Trust Principles.

send message
Iam Guest Posting Services
I Have 2000 sites
Status : Indexed All
Good DA : 20-60
Different Niche | Category
Drip Feed Allowed
I can instant publish

My Services :

1. I will do your orders maximum of 1x24 hours, if at the time I'm online, I will do a maximum of 1 hour and the process is
2. If any of your orders are not completed a maximum of 1x24 hours, you do not have to pay me, or free.
3. For the weekend, I usually online, that weekend when I'm not online, it means I'm working Monday.
4. For the payment, maximum payed one day after published live link.
5. Payment via PayPal account.

If you interesting, please reply

Thank You