Avianca launches bid for DIP funding as it navigates Chapter 11 restructuring
Avianca launches its bid for DIP financing as it navigates Chapter 11 reorganisation. (Credit: shutterstock.com/Alejandro Gonzalez M)
Colombian-Panamanian airline Avianca has announced it has reached “key agreements” with lenders to obtain debtor-in-possession (DIP) financing as it continues to restructure through a Chapter 11 process in New York.
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