Avianca
A tale of intrigue — December 2021

Avianca Holdings, South America’s second largest airline group, immediately after celebrating its 100th year of continuous operation was one of the first to file for Chapter 11 protection in the US courts in the wake of the pandemic and forced closure of operations in May 2020.

It is also one of the first to have its restructuring plan approved by the court and seems set to emerge from Chapter 11 before the end of the year. The business plan it put forward suggests that it will be operating a dramatically different airline business model, and one that is portrayed as potentially profitable.