Jones Day advises on Latin Lawyer's "Restructuring Deal of the Year" for 2022
The restructuring of Avianca, the Latin American airline, received the Restructuring Deal of the Year award from Latin Lawyer at its 2022 Deals of the Year ceremony.
Avianca emerged from Chapter 11 in December 2021 with a more efficient business model and eliminated debt worth more than US$1 billion. Avianca, founded in 1919, is the second largest airline in Latin America and the largest in Colombia. It provides air travel and cargo services in Latin America and globally.
A team of lawyers from Jones Day's Mexico City Office that included Arturo de la Parra and Mariana de Maria advised Avianca on Mexican law.
Latin Lawyer's "Deals of the Year" awards identify landmark Latin American transactions and cases across 11 categories that were completed in the previous year.