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Aircraft and carriers, Avianca saved thanks to maxi-loan

Colombian government intervened in the last few hours

Bailout in extremis. Despite some perplexity and hesitation, Colombian Government decided to save the national airline Avianca with a loan of 370 million dollars. The petition presented by the carrier to avoid bankruptcy is well known (see also the article published by AVIONEWS), while the last few hours had been characterized by the wait for the ruling of Bogotà. The nearly 400 million are a reality,...

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AVIONEWS - World Aeronautical Press Agency