Avianca Secures Turnaround Agreement, Retires Final A318

Avianca, Colombia’s flag carrier, has reached agreements with its creditors for fresh financing and a restructuring plan to bring the airline back to normality after declaring bankruptcy last year. The airline said it had secured extensions of bank lines, letters of credit, and other agreements with over 100 creditors and supply chain companies. (airwaysmag.com) Altro...