Avianca Brasil Files for Bankruptcy | Aviation International News

Avianca Brasil Files for Bankruptcy

Brazil’s fourth largest airline opts to fight lessors’ attempts to repossess aircraft.

An Avianca Brasil Airbus A319 takes off from Rio de Janeiro's Santos Dumont Airport. (Photo: Flickr: Creative Commons (BY) by Joao Carlos Medau)

By Richard Pedicini • Contributor - South America

December 12, 2018

Avianca Brasil, the country’s fourth-largest airline, filed for bankruptcy protection Monday after three lessors—BOC Aviation (Ireland), Infinity Transportation, and Aircastle subsidiary Constitution Aircraft Leasing—sued the carrier for return of close to 30 percent of its all-Airbus fleet of about 50 aircraft, just at the start of the holiday and southern hemisphere summer high season. Avianca Brasil operates independently of Colombia’s Avianca Holding, though Synergy Group and the Efromovich family own both.

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