World's Second-Oldest Airline, Avianca, Driven To Bankruptcy By Coronavirus
Click Like to Follow Fliegerfaust Facebook page to get the News ASAP / Share to share this post now.
Avianca Holdings AVT_p.CN, Latin America's second-largest airline, filed for bankruptcy on Sunday, after failing to meet a bond payment deadline, while its pleas for coronavirus aid from Colombia's government have so far been unsuccessful.
If it fails to come out of bankruptcy, Bogota-based Avianca would be one of the first major carriers worldwide to go under as a result of the pandemic, which has crippled world travel.
Avianca has not flown a regularly scheduled passenger flight since late March and most of its 20,000 employees have gone without pay through the crisis.
"Avianca is facing the most challenging crisis...