Airline Avianca filed for bankruptcy

Avianca Boeing on Runway Credit: Richard Vandervord / CC BY-SA (Creative Commons Attribution 4.0)

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.

Sources: Content Sources

Source: BBC

Source: marketwatch.com

Source: Business Insider

Image Source

Richard Vandervord / CC BY-SA (Creative Commons Attribution 4.0)

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Ashley Winkler

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Organizations & Institutions

Avianca

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