Air Transport World

Avianca.(Latin America/Caribbean report)(divestment plans)(Brief Article)

Avianca may be sold to a new international capital or strategic investor this year. Analysts believe the cost of restructuring the Colombian airline will be around $270 million and that the airline will need a further infusion of $40-$60 million. Current owners Valores Bavaria and Federaci6n Nacional de Cafeteros are seen as unlikely to provide the extra capital the airline needs to restructure, while a recovery business plan was set to be presented to the US Bankruptcy Court in New York court Jan. …

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