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Canadian Arrested For Throwing “Narco For A Day” Parties, Jimmy Carter’s Colombia Exposé, WOM Bankrupt, Ruta-N & SAP Launch Initiative

The battle for control of Viva goes far beyond Avianca, Jetsmart & Latam. Here are some of the key players

The airline is not filing for bankruptcy but a form of non-judicial reorganization permitted under Colombian law during the COVID pandemic.

The ruling doesn't approve or deny the proposed Viva Avianca merger, but orders it be reconsidered by the civil aviation authority.

Avianca says that it was informed by Viva's aircraft lessors about delays in the payment of their financial commitments.

The Colombian superintendent in charge of regulating corporate behavior has said that even as a passenger, his rights have been violated by Avianca.

Now, even coming out of bankruptcy and with an investment banker rather than an airline operations expert in charge, passengers are screaming.

U.S. District Court Judge Charlene Honeywell expressed disgust with the DEA for its failings and said other agents corrupted by "the allure of easy money" also needed to be investigated.

As reported by Finance Colombia and elsewhere, Avianca (OTCMKTS: AVHOQ, BVC: PFAVH) directors and creditors have recently taken a significant stake in troubled Chilean low-cost carrier Sky Airlines, while bankrupt Avianca seeks to emerge from Chapter 11 reorganization in the...

As a result of the foregoing, under the plan, the value of the outstanding shares of the company is expected to be reduced to zero.