Avianca airline driven to bankruptcy by coronavirus
Latin America's second-biggest airline folds after Colombia's government declines to help
10 May 2020 - 23:07
Sao Paulo — Avianca, Latin America's second-biggest airline, filed for bankruptcy on Sunday, as a bond payment deadline loomed and after pleas for aid from Colombia's government to weather the coronavirus crisis have so far been unsuccessful.
If it fails to come out of bankruptcy, Avianca would be one of the first major carriers worldwide to go under as a result of the pandemic, which has resulted in a 90% decline in global air travel...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.