Avianca files for bankruptcy

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Avianca files for bankruptcy

The Colombian airline has filed for bankruptcy in New York, after the Covid-19 pandemic reduced its consolidated revenues by more than 80%. The South

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The Colombian airline has filed for bankruptcy in New York, after the Covid-19 pandemic reduced its consolidated revenues by more than 80%.

The South American airline estimated its liabilities at $10 billion in a New York south district court.

The airline was in a weak position even before the crisis and announced that they have already begun to reduce operations in Peru in accordance with local laws.

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