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An Avianca A330 at New York (Photo: AirlineGeeks | Ben Suskind)

Avianca Brazil Aircraft Repossessions Continue

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 approval of the airline’s recovery plan has shuffled interest on taking ownership of the airline’s assets, with Azul recently backing off the US$105 non-binding agreement signed last month, that would…