www.universalcurrentaffairs.com

Colombian airline Avianca files for bankruptcy in US court.

 # Colombian airline Avianca files for bankruptcy in US court.


Colombia's national airline, Avianca, has filed for bankruptcy protection in a US court. The carrier is the second-largest in Latin America, but its passenger operations have been grounded since March because of the naval pandemic. It said the pandemic had cut more than 80% of its income, and it was struggling with high fixed costs. If it fails to come out of bankruptcy, Avianca will be the first major airline to go under amid the pandemic.

Share:

2 comments:

  1. I am thankful to you for sharing this article here.It's a nice article, Which you have shared here . Your article is very informative and I really liked the way you expressed your views in this post. Bankruptcy Attorney Toledo

    ReplyDelete
    Replies
    1. Hi everyone ! Thanks & well appreciate your comment. Also we are expecting your feedback every time in order for us to improve this site further. Also kindly note that all contents published in this site are also available in our latest Android App "CA DAILY UPDATES" available in Google Play Store.

      Best regards,

      "CA Daily Updates" Developing Team.

      Delete

Followers

Android App "CA DAILY UPDATES"

Translate

Popular Posts

Blog Archive

Recent Posts