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The value of the shares would be reduced to 0 due to the decrease in equity attributable to the Debtors’ liabilities to third parties and creditors, as well as the injection of capital by new investors pursuant to the Chapter 11 plan.

Bancolombia, Colombia's largest bank has issued a report panning Avianca proposed DIP financing plan from the point of view of current shareholders, and indicated that it would no longer be covering the bankrupt airline.

Beyond the expected, some interesting names appear on the list of those with the most to lose should Avianca end up liquidated. The City of New York Group Trust?

Avianca says are unaware of any implication or effect that the NYSE’s decision could have on a Colombian investor, since all the mechanisms for negotiation in respect the Company’s preferred shares in the Colombia Securities Exchange, or BVC (Bolsa de Valores de Colombia) remain...

Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) confirmed in a filing with the US Securities & Exchange Commission that the information published on May 11 by newspaper El Tiempo, relating to the bankrupt airline’s five largest creditors is accurate. One of the motions the air...

Viva Air CEO Felix Antelo Tells Finance Colombia why the airline remains optimistic, and discusses its growth both domestically, and with new routes coming to the US, the Caribbean, & Ecuador.

Colombian airline Viva Air Group is seeking a bridge loan from the Colombian Government tu maintain liquidity during the Coronavirus COVID-19 Pandemic

Colombian air carrier Avianca was forced to rescind advertisements seeking to sell air fares for flights in May after receiving a stern rebuke from the Colombian President, who said that any flights would be illegal.

Avianca has asked for a bailout by the Colombian government. Colombians are pointing out that the airline is majority foreign owned, and legally Panamanian, not Colombian.

Avianca has revealed "that substantial doubt exists as to our ability to continue as a going concern.” United Airlines said “As a consequence, we may not realize a satisfactory (or any) return on our invested or loaned funds" to Avianca & affiliates.