Air Transport World

Colombia's Avianca. (Latin America Caribbean Report).(files for Chapter 11 bankruptcy protection)(Brief Article)

Colombia's Avianca and its US affiliate Avianca Inc. filed for Chapter 11 bankruptcy protection in March to restructure $130 million in dollar-denominated debt. Avianca, with 53 aircraft performing 317 daily flights, will seek to reject some of its leases and return some airplanes. The debt comprises $55 million to leasing firms, $20 million to bondholders, $15 million to banks and $40 million in miscellaneous debt. …

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