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Lessor repossesses bankrupt Avianca Brazil’s A320s
Avianca Brazil has been forced to make more flight cancellations after lessor Aircastle reclaimed all 10 of its Airbus A320-200s on lease to the carrier, cutting the insolvent operator's fleet by 30%. Aircastle confirmed April 16 that it has repossessed the 10 A320s and will place them with another operator. (atwonline.com) Altro...
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Avianca should have been gone long ago. Instead they merge with TACA (to save themselves) and draw them down also.
Avianca Colombia, and Avianca TACA/Lacsa are profitable. There is/was too much established competition from already established airlines in Brazil, and to the United States from the United states.
