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Colombian airline Avianca emerges from bankruptcy

New York, Usa - The Court of New York allowed the planned sell of 75 percent of the carrier to the Brazilian group Sinergy

The Colombian airline Avianca emerged successfully from bankruptcy: New York's Court, which was following the case of the airline, allowed the 75 percent sell of Avianca to the Brazilian group Sinergy. The group, based at Sao Paolo (Brazil), which operates Brazilian regional airline OceanAir, offered USD 63m to inject in cash into Avianca and assume USD 220m in debt as part of the restructuring plan...

AVIONEWS - World Aeronautical Press Agency - 109715
Rome, Italy, 12/13/2004 17:22
AVIONEWS - World Aeronautical Press Agency

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