Air Transport World

Avianca.(Latin America/Caribbean report)(Avianca Airlines' reorganization plan )(Brief Article)

Avianca was granted until Oct. 31 to obtain creditor approval for its proposed reorganization plan. The plan, if okayed, will result in the injection of $63 million in new capital into Avianca and SAM from major shareholder National Federation of Coffee Growers of Colombia and strategic partner Ocean Air of Brazil. Ocean Air operates a fleet of 14 turboprops, flies to 32 destinations and is part of the Synergy business group that operates in the oil and gas industry segments in Brazil, Ecuador and Colombia. …

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