Airlines
United Airlines Helps Trigger Avianca Restructuring Effort
United Airlines and Kingsland Holding provide Avianca Holdings with $375 million in new financing.

Colombian airline Avianca Holdings took another step toward stability on Monday with $375 million in new financing provided by major shareholders United Airlines and Kingsland Holdings, $250 million of that a secured convertible loan. Some 88 percent of debt holders agreed to an exchange of $550 million in bonds due in May 2020 for securities due in May 2023, conditioned on the new financing.


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