LATAM: ‘It becomes more expensive to do business in Brazil when conventions are not respected’

    Avianca Brazil declared judicial recovery (Folha, 26-Mar-2019). Mr Cadier added that the judge on the matter “excessively” protected Avianca Brazil by not returning their aircraft to lessors. He stated: “It becomes more expensive to do business in Brazil when conventions are not respected… If you have aircraft and assets and will place it in Brazil, you’ll think twice now because you can’t recover them and don’t get paid… It creates a doubt about what is worth in Brazil, what are the rules?”.