Tag: avianca chapter 11

RIO DE JANEIRO, BRAZIL - Colombian airline Avianca obtained financial commitments for US$1.6 billion to finance its exit from Chapter 11 U.S. bankruptcy law as part of its reorganization, the company announced Thursday. "As a result of the continued support...

RIO DE JANEIRO, BRAZIL - Avianca Holdings said on Thursday, November 12th, it has won the support of a large number of institutional investors and existing lenders, meaning it will no longer need the Colombian government’s participation as part...