Colombian airline Avianca files for Chapter 11 bankruptcy in US - latest world news 2020

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    Home Yahoo News - Latest News & Headlines Colombian airline Avianca files for Chapter 11 bankruptcy in US

    Colombian airline Avianca files for Chapter 11 bankruptcy in US

    Colombian airline Avianca files for Chapter 11 bankruptcy in USAvianca, the second-largest airline in Latin America, filed for bankruptcy protection in the United States on Sunday to reorganize its debt "due to the unpredictable impact" of the coronavirus pandemic. In a statement issued in Bogota, Avianca said that along with "some of its subsidiaries and affiliates," it had asked to "voluntarily file for Chapter 11 of the Bankruptcy Code" in a New York court. The airline's operations "have been dramatically affected by the COVID-19 pandemic," as well as federal air travel restrictions.




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