The second largest airline in Latin America, the Colombian company Avianca Holdings, filed for bankruptcy on Sunday. According to Reuters, this request comes as the deadline for repaying outstanding bonds approaches and after they unsuccessfully seek urgent help from the government of Colombia to survive the effects of the virus crisis. Corona. Avianca estimated the value of her financial obligations between one and ten billion dollars in her application filed with the US Bankruptcy Court for the Southern District in New York. The company is facing the most difficult crises in its history spanning 100 years. If you fail to exit from bankruptcy, Avianca will be one of the first major airlines in the world to fail as a result of the Corona virus crisis that led to a 90 percent drop in Global aviation movement. Avianca has not implemented any regular schedule of passenger flights since late March. Avianca is also one of the oldest airlines in the world and is a source of pride for Colombians. The company went into bankruptcy before in the early 2000s and was rescued by German-born businessman Efromovich, one of the pioneers in the oil business.
