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Avianca Brasil: Elliott fund will finance recapitalization

$ 75 million to control 49% of the new company

The fund Elliott Management would be ready -according to the Brazilian newspaper "Valor"- to extend the loan to Avianca Brasil to the airline in a state of insolvency of $ 75 million, so as to allow it to remain operational and avoid a closure waiting to find the buyer. Just Avianca Brasil -on Friday- had presented in a court of San Paolo the restructuring plan, underlining that it would have served...

M/A - 1218551
São Paulo, Brazil, 02/06/2019 16:30
AVIONEWS - World Aeronautical Press Agency

AirlinesAvianca Brasil will be divided into seven parts that will be sold at auction

Offers will come from LATAM and GOL

The bankrupt airline Avianca Brasil will be divided into seven parts that will be sold separately at auction. Regional rivals LATAM Airlines and GOL Linhas Aereas Intelligentes announced yesterday that... more

AirlinesAvianca Brasil: 10 airplanes grounded for missed payments

Decision of the court of appeal of San Paolo

The São Paulo Court of Appeal revoked the order that allowed Avianca Brasil to continue to use 10 of its aircraft for which it had been requested to be grounded by the proprietary companies, due to the... more

AirlinesAvianca Brasil: 20% of the aircraft fleet at ground

Despite the agreement with the lessor to extend the deadline of 15 days

Avianca Brasil, last Monday, had reached an agreement with the lessor of the aircraft in the fleet which have granted another 15 days to the airline in order to pay the arrears installments and not be... more

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