Avianca Brasil Auction Suspended by Sao Paulo Court

A court decision on Monday suspended the auction of Avianca Brazil assets which would help the airline pay its debt. Swissport AG, an aviation service company providing airport ground and cargo handling services, made the request to halt the auction. The company claims $4.3 million USD in debt by Avianca. BR Distribuidora, a subsidiary of Petrobras, also requested the suspension of the judicial recovery plan of Avianca Brasil. The request was made to the Court of the state of São…