Infografía: The steps to understand the new situationón of Avianca and his voluntary entry into Capíleakage 11 to reorganize and restructureóbusiness.
As many there will beán seen and like one of the news «bomba» that the industry has had toéarea within quarantine and suspensionón of commercial flights worldwide and which had Avianca as protagonist, It is important to clarify several points regarding this new situation.ón of the aerolínea.
Before entering and analyzing an interesting infographicíto those sectorsó Avianca with the press, It is important to clarify from the outset that the aerosolínea goes on and oná operating, has not closed or closedá and precisely the intentionón of all these actions is to ensure and guarantee its continuity for 100 añm axisás.
Informationón on Capíleakage 11 and the Avianca process
It is important to clarify thaté It is the process of a Capíleakage 11, thaté implies and whaté no, Above all, inform that it is a fairly complex process.ún in the world when an aerolínea requires receiving respite from its creditors and imminent payments to them.
¿Whaté It is a Cap processíleakage 11?
Lo máIt's important, This process does not imply a liquidationóno closure of the airportínea, even remember the well-known case of American Airlines, which in 29 November 2011 entry into this same process and we can see it currently operating in a solid and growing manner..
¿Whaté achieveá This process?
¿Becauseé Avianca requestedó the protectionón of the Capeíleakage 11 in the United States instead of Américh latina?
Cronología of the milestones of Capíleakage 11
Nextón if it presents a brief historyíone of the main steps that usually occur when a company is in the Cap processíleakage 11. This process can take 12 a 18 months depending on the company and its plan.
In conclusionón, Avianca followá flying and included, afterés of this long process of más de 18 months, dutyá come out stronger in the operational and economicómonkey.
Hi Nicolas
I have tried to find out what happens with the shareholders., It is not mentioned anywhere, look for information on companies that joined and there is only a record of the stock markets one or two years after having joined the chapter 11, examples of GM or American airline.
Do shareholders lose everything invested once the process is completed??
That is a good question, I understand that the shareholders have no impact, more is with creditors like banks, where to negotiate.
Hello Nicolas, good afternoon., I would like to know what you think will happen with Avianca in the future.? Well, as we know, Covid was the final blow to declare bankruptcy. Apart from this, domestic flights will not be possible until July and international flights until September., In your vast experience, do you believe that the airline can survive this debacle??
Definitely, survive, Even entering into restructuring will allow you to emerge stronger by renegotiating your debts.