Avianca

Transportation • Air Transportation & Traffic, Flying
Airline Avianca filed for bankruptcy
Avianca Boeing on Runway
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.