Airlines
Avianca Succumbs to Covid-19, Files for Bankruptcy
Latin America's second-largest airline seeks rescue funding from governments while operating cargo services under Chapter 11.
An Avianca Airbus A320 lands at Toronto Pearson Airport in 2018. (Photo: Flickr: Creative Commons (BY-SA) by BriYYZ)
An Avianca Airbus A320 lands at Toronto Pearson Airport in 2018. (Photo: Flickr: Creative Commons (BY-SA) by BriYYZ)

Colombian flag carrier Avianca on Sunday filed for bankruptcy protection in New York District Court, some two months after the country closed its airspace in reaction to the Covid-19 pandemic. The second-largest airline in Latin America, Avianca had begun to see CEO Anko van der Werff’s restructuring efforts yield some semblance of stability until the coronavirus crisis prompted the government to shut down Colombia to air traffic in March.