DBEA55AED16C0C92252A6554BC1553B2 Clicky DBEA55AED16C0C92252A6554BC1553B2 Clicky
June 19, 2024
Avianca’s Chapter 11 plan - a review

Avianca’s Chapter 11 plan - a review. Photo: Daniel Martínez Garbuno.

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Avianca has just filed its Chapter 11 plan; the Court is set to have a hearing on it on September 14, as the company positions itself to become the first Latin American carrier to exit bankruptcy following the COVID-19 pandemic. LATAM and Aeromexico will follow next. Now, let’s see Avianca’s Chapter 11 plan – a review. 

Avianca first filed for Chapter 11 on May 11, 2020. The carrier had no other option since it had faced two crises in a row. First, it had poor management, which led United Airlines and Kingsland Holdings Limited to exercise certain remedies and take over the company in 2019. 

 


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Daniel Martínez Garbuno
Daniel Martínez Garbuno is a Mexican journalist. He has specialized in the air industry working mainly for A21, a Mexican media outlet focused entirely on the aviation world. He has also published on other sites like Simple Flying, Roads & Kingdoms, Proceso, El Economista, Buzos de la Noticia, Contenido, and Notimex.