While Avianca Brasil's slots may have been auctioned last week, the discussion may not yet come to an end. As legal uncertainty looms over the validity of this auction, the slot sale could be reverted. The main fight is over the slots in the oversaturated Congonhas Airport in São Paulo, which is part of the important "Ponte Aérea" to Rio de Janeiro's Santos Dumont Airport. Many parties have different views over it, being such a valuable asset. Legal bodies such…
Avianca Brasil's story appears to be approaching its end. Last Friday Brasil's National Civil Aviation Agency (ANAC) suspended the airline's concession of regular air transport operations, which included passenger and cargo flights. According to the agency, the suspension was enacted as Avianca failed to fulfill some clauses of its signed…
The government of Brazil has suspended operations of the troubled Avianca Brasil. The decision came into effect on Friday, with the airline acknowledging the government's decision. The reason for the suspension was given as unspecified safety concerns. The airline has been in financial trouble for over a year. The Brazilian…
This week has seen Avianca Brazil recurrently making headlines in the airline world. On one hand, lessors have been allowed to pursue aircraft repossession by Brazilian’s civil aviation authority ANAC, following a favorable court ruling in Sao Paulo taking place on April 9. At the same time, the recent creditor…
With an impending fleet loss of 20 percent of its aircraft, Aviance Brazil has filed for bankruptcy. A Reuters report issued over the weekend claimed that a Brazilian court threatened to take away 20 percent of Avianca Brasil’s fleet due to failures to pay debts to the aircraft lessors, the catalyst to…
