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Emerging MarketsEM LatAm

Avianca files for bankruptcy on bond maturity date

Avianca, chapter 11, bankruptcy, airline, plane, Fort Lauderdale, Colombia, LatAm, 575

Colombian airline Avianca filed for Chapter 11 bankruptcy protection in New York on Sunday, the same day that $66m of senior unsecured bonds matured and just five months after wrapping a distressed debt exchange that some thought had brought the airline back from the brink.

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