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La filial local Avianca Peru enters a dissolution and liquidation process, which will imply the definitive closure of operations within the voluntary income of Avianca Holdings to the Chapter 11 of the United States Bankruptcy Code.
In the context of voluntary entry to Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court of the Southern District of New York, in order to preserve and reorganize Avianca's businesses, facing the crisis of COVID-19, The holding company has decided that Avianca Perú S.A., local subsidiary, its operations are closed and the start of a dissolution and liquidation process.
In this sense, the routes operated by Avianca Perú S.A. will no longer be available. Avianca Holdings S.A. and other subsidiaries will continue serving routes to and from Peru through their Bogotá hubs, San Salvador and also from Ecuador, once the restrictions dictated by the authorities within the framework of the current health emergency are lifted.
The closure of Avianca Peru
The history of this airline begins in 1999 like TACA Peru, at that time certifying its first plane, a Boeing 737-200 operating between Lima and Arequipa.
For the year 2007 begins its expansion by increasing frequencies to the main cities of Central America and South America since the growing Lima airport, later flying to Quito, Havana, Santo Domingo, Cali, Guayaquil, Mexico, Miami, Brasilia and other domestic destinations, being the main operator in that country.
For the year 2012 The brand change and transition from AviancaTaca to Avianca Perú begins, maintaining permanent international and domestic growth, At that time, the outlook in that country was very positive and promising..
The outlook for this subsidiary of Avianca Holdings began to change with the arrival of strong competition from the 9 May 2017 with Viva Air Peru, which very quickly began to gain market share and capture the domestic market, affecting performance and participation.
This generated a significant drop in income and reduction in frequencies., which was aggravated when the 8 april 2019 a new low cost airline entered the Peruvian market, Sky Airline Perú further affected the airline's situation, which generated the almost total closure of domestic flights, operating only between Lima and Cusco.
Now, with this new ad, domestic flights are definitively closed for Avianca in Peru, but emphasizing that it does not mean that the Holding will stop flying to and from this country, so the international market will maintain its presence, pending adjustments of the destinations that can continue to be covered or not from the Jorge Chávez Airport.
The aircraft that operated for Avianca Peru, some will be returned to their owners, others will return to Bogotá and the opportunity also opens for some planes to go to other subsidiaries of the Holding.
Process implementation
With the dissolution of Avianca Perú S.A., an orderly and transparent liquidation process will be entered into.
This process guarantees compliance with the payment of all social benefits to workers., which will be carried out by the company within the framework of the liquidation. The Peruvian subsidiary currently employed 906 people.
Regarding customers with current tickets purchased from Avianca Perú S.A., The company will offer various exchange options. Passengers who have purchased flights from Avianca Holdings and its other subsidiaries will not have any changes to their reservations due to this decision..
Avianca Holdings joins the Chapter 11
Let us remember that the Chapter 11 It is a legal procedure established in the United States that is recognized by other countries around the world. Allows a company to reorganize and complete a financial restructuring under the supervision of that country's judicial system, while continuing to operate your business.
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Send those planes to Ecuador please
Avianca does NOT want to recognize compensation for time of service to its Peruvian workers, declares bankruptcy and does not give them what they deserve
Hopefully some Avíanca Peru planes come to Ecuador
Buy flights with Avianca from Guatemala to the USA, this will change something.
Avianca Peru, is not recognizing fair compensation, the years of service to its workers. They said that in their statement but it is not true.. Under the figure of liquidation and dissolution they want to avoid paying what is fair. I hope the competent authorities do not allow it.. Let them leave Peru if they wish to pay what corresponds to their employees.
They should include the protests that Avianca Peru employees are carrying out, claiming due compensation, since the company does not want to recognize your work time.
Colombian routes to the US
Sr. Anko van der Werff, are more than 900 #Peruvian families who believed in their word, in your #ethics and above all in the #solidarity that you and your management team spread in all the meetings you have held all these months. We #Peruvian workers have always supported you, We have been with you, offering you our solidarity in various crises that #Avianca has faced and we only hope that you act in the same way., recognizing the years of effort and dedication that we have dedicated to #Avianca.
Hi Nicolas.
Do you have any information about Avianca's international routes from Ecuador?, all will be maintained? The case of the Guayaquil route- San Salvador?
Everything would indicate that all those that are towards the north from Ecuador are maintained.