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Emerging MarketsEM LatAm

Avianca optimistic on DIP financing as Colombia pledges controversial support

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

Colombian airline Avianca is confident it will be able to exit bankruptcy soon after the Colombian government said it would provide just over 30% of the new money required in the company’s proposed debtor-in-possession (DIP) financing — much to the shock of some politicians in the country.

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