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An Avianca A321 prepares for its next flight at LAX. (Photo: AirlineGeeks | William Derrickson)

Avianca Holdings Files for Chapter 11 Protection, Closes Peru Subsidiary

Avianca Holdings and some of its subsidiaries "voluntarily file[d]" for chapter 11 bankruptcy in the Bankruptcy Court of the Southern District of New York in the U.S., the airline announced on May 10. Avianca Holdings currently oversees a number of subsidiaries, the list of which includes Columbian airlines Avianca and Tampa Cargo, Ecuador-based Aerogal and Taca International Airline Group. The company stated that "invoking this process was necessary due to the unpredictable impact of the COVID-19 pandemic" and that "Avianca's…

PenAir Files for Chapter 11 Bankruptcy Following 62 Years of…

Anchorage, Alaska-based regional carrier, Peninsula Airways, commonly referred to as PenAir, has filed for Chapter 11 bankruptcy protection as of Sunday, August 6. Chapter 11 gives companies temporary protection from its creditors, giving them the opportunity to restructure their finances and organization. The airline, which is one of Alaska's largest…