Avianca completes financial restructuring and emerges from Chapter 11
Jones Day Mexico City Office advised Avianca on Mexican law matters to structure their security package comprised of Mexican assets to emerge from its Chapter 11 restructuring process and eliminate debt worth more than US$1 billion. This matter represents the first emergence from chapter 11 by a Latin American airline between 2020 and 2021. Avianca was founded in 1919 and is the second largest airline in the Latin American region and the largest in Colombia. It provides air travel and cargo services in Latin America and globally.