Transportation • Air Transportation & Traffic, Flying

Airline Avianca filed for bankruptcy

Colombian airline Avianca, the world's second-oldest airline, has filed for Chapter 11 bankruptcy. According to a statement on its website, the airline cited "unforeseeable impact of the Covid-19 pandemic" as the reason for its decision. After the impact of the pandemic cut 80% of the airline's income, 20,000 employees have been put on unpaid leave.

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Card reviewed by: @ericof