Avianca optimistic on DIP financing as Colombia pledges controversial support

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Avianca optimistic on DIP financing as Colombia pledges controversial support

Avianca, chapter 11, bankruptcy, airline, plane, Fort Lauderdale, Colombia, LatAm, 575
Carlos Yudica/Carlos Yudica - stock.adobe.com

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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