AVIATION
World’s second oldest airline files for bankruptcy
Colombian airline Avianca, the world’s second oldest airline have filed for bankruptcy amid Corona virus pandemic across the globe.
According to a statement by the company, Avianca will be operational during the bankruptcy process.
Avianca airline said filing for bankruptcy was to protect and preserve operations” during the Covid -19 pandemic.
“Avianca is facing the most challenging crisis in our 100-year history as we navigate the effects of the COVID-19 pandemic,” Avianca CEO Anko van der Werff said
The airline had earlier called in the Colombian government for financial assistance. Avianca claimed that upto 90% of the countries they operate in are either on lockdown or travel restrictions.
Over 140 of its airline have been grounded and most of its workers placed on unpaid leave since Colombian President Ivan Duque closed the country’s airspace in March
Avianca is the third largest airline in Latin America based on market share and employs over 21000 people throughout Latin America.
-
AVIATION4 years agoPhoto News: Air Peace commence flight operations to South Africa
-
Car News4 years agoPolestar is recalls over 2000 electric cars due to software bug
-
Technology4 years agoCommon mistakes in CO₂ emissions calculations
-
Car News5 years ago
Suzuki’s 2020 V-Strom 1050 goes high-tech in high style
-
AUTO STAKEHOLDER4 years agoFRSC COMMENCES ENFORCEMENT OF NATIONAL IDENTIFICATION NUMBER IN DRIVER’S LICENCE PROCESSING
-
SAFETY / CAR CARE4 years agoHandbrake warning light; what it means and what to do
-
Reviews4 years agoIVM Caris Specification: Grand Price for Big Brother Naija IVM Challenge
-
Car News5 years ago
Super rich Banana Island residents set for new X7