After a Colombian court blocked a $370 million government loan for Avianca, the airline has lined up $2 billion in financing in its bankruptcy reorganization.
South American operator Avianca Holdings has hit a stumbling block in its Chapter 11 restructuring after a Colombian court issued an injunction against a $370 million loan the country’s government has offered to the company.
JetSMART Chile plans to expand its operations by 25% this month compared with August, adding new routes as it works to craft an optimal network with the COVID-19 pandemic ongoing.