Avianca Holdings Continues to Advance in its Voluntary Reorganization Proceedings While Providing the Highest-Quality Service and Safety
On May 10, 2020, Avianca Holdings S.A. and certain of its subsidiaries and affiliates filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. On October 5, 2020, Avianca announced that it has received Court approval to access its debtor-in-possession financing totaling just over US $2.0 billion, which included approximately US$ 1.2 billion of new funds to support Avianca’s ongoing operations and execution of its reorganization process.
Avianca will continue to operate and meet the travel needs of our valued customers during this process. In September 2020, Avianca resumed passenger operations in its most significant domestic markets in Colombia, followed by international operations in October 2020, and continues to resume flights and reopen new routes.
As it continues to advance through its corporate restructuring, Avianca has secured long-term labor agreements and strengthened relationships with its pilots and other employee groups.
As the largest airline in Colombia and El Salvador and the second largest in Latin America, we remain steadfast in our commitment to connecting people, families and businesses. Throughout the court-supervised process, Avianca intends to:
- Protect and preserve operations so Avianca can continue to operate and serve customers with safe and reliable air travel and high-quality service, under the strictest biosafety protocols, as COVID-19 travel restrictions are lifted;
- Ensure connectivity and drive investment and tourism by continuing as Colombia’s flagship airline, serving over 50% of the domestic market in Colombia and providing essential non-stop service across South America, North America and European markets as well as continuing cargo operations;
- Preserve jobs in Colombia and other markets where the Company operates; and
- Restructure the Company’s balance sheet and obligations to enable Avianca to adapt to the new market environment as well as comprehensively address liabilities, leases, aircraft orders and other commitments.
Information and Resources
Avianca Holdings S.A. Appoints Adrian Neuhauser as President and Chief Executive Officer
Avianca Holdings S.A. Receives U.S. Court Approval to Access US$ 2.0 Billion Debtor-In-Possession (“DIP”) Financing
Avianca Holdings S.A. Files Motion for Approval by U.S. Court of Approximately US$ 2.0 Billion in Debtor-in-Possession ("DIP") Financing
Statement on Debtor-in-Possession Financing and Government of Colombia Financing Commitment
First Day Hearing Press Release
Chapter 11 Press Release
Case Information and Information Hotline
Court filings and other documents related to the Chapter 11 process in the U.S. are available on a separate website administered by Avianca’s claims agent, Kurtzman Carson Consultants (“KCC”), at www.kccllc.net/avianca.
For more information, customers can click here.
KCC Restructuring Hotline and Email
Toll-free in the U.S. and Canada: (866) 967-1780
International: +1 (310) 751-2680