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World's second-oldest airline, Avianca, driven to bankruptcy by coronavirus

World's second-oldest airline, Avianca, driven to bankruptcy by coronavirus

By , , If it fails to come out of bankruptcy, Bogota-based Avianca would be one of the first major carriers worldwide to go under as a result of the pandemic, which has crippled world travel.Avianca has not flown a regularly scheduled passenger flight since late March and most of its 20,000 employees have gone without pay through the crisis.“Avianca is facing the most challenging crisis in our 100-year history,” Avianca Chief Executive Anko van der Werff said in a news release.While Avianca was already weak before the coronavirus outbreak, its bankruptcy filing highlights the challenges for...

May 10, 2020
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reuters.com

reuters.com

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