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Foundations and NGOs that skip chamber-of-commerce registration in Colombia could be dissolved automatically and stripped of legal status.

With Avianca rejecting Aerocivil's conditions, Viva will almost certainly face liquidation.

Fitch Ratings yesterday announced that it had downgraded Avianca Holdings’ Long-Term Foreign and Local Currency Issuer Default Rating (IDR) to ‘C from ‘CCC-‘. The ratings have been removed from Rating Watch Negative. This downgrade follows the announcement...