Colombian airline Avianca files for Chapter 11 bankruptcy in US

Colombian airline Avianca files for Chapter 11 bankruptcy in USAvianca, the second-largest airline in Latin America, filed for bankruptcy protection in the United States on Sunday to reorganize its debt "due to the unpredictable impact" of the coronavirus pandemic. In a statement issued in Bogota, Avianca said that along with "some of its subsidiaries and affiliates," it had asked to "voluntarily file for Chapter 11 of the Bankruptcy Code" in a New York court. The airline's operations "have been dramatically affected by the COVID-19 pandemic," as well as federal air travel restrictions.




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