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An Avianca A320 in Miami (Photo: AirlineGeeks | William Derrickson)

Avianca Set To Receive Government Funding

After months of uncertainty regarding state support to commercial aviation, the Colombian government is lending up to $370 million to flag carrier Avianca to be used as part of the company’s restructuring process. The credit must be repaid before November 2021. The decision to grant funding was approved by Colombia’s treasury dependent Comité de administración del Fondo de Mitigación de Emergencias, which manages funding to be used to mitigate crises and emergencies of national interest. The committee agreed that Avianca’s…