Avianca continues to seek government assistance through Chapter 11

    Avianca Holdings stated (10-May-2020) the carrier is seeking financial support from the governments of the countries where it provides essential services. Avianca continues to be engaged in discussions with the government of Colombia, as well as those of its other key markets, regarding financing structures that would provide additional liquidity through the Avianca‘s Chapter 11 process and play a vital role in ensuring that the company emerges from its court-supervised reorganisation as a competitive and successful carrier in the Americas. While these discussions are ongoing, the carrier intends to utilise its cash on hand, combined with funds generated from its ongoing operations (such as cargo), to support the business during the court-supervised reorganisation process. [more – original PR]