Saturday, 13 April 2019

Avianca Brasil cancels 179 flights as it loses appeal on aircraft

Photo Sergio Moraes 
Tragic news for Avianca Brasil as the airline was forced to cancel nearly 180 flights after a federal judge denied an appeal by the troubled carrier to hold on to nine aircraft following its entry into bankruptcy protection.

Avianca Brasil had been managing a revised schedule with a fleet of 35 aircraft, however, the judge ruled late on Friday evening that nine aircraft should be returned immediately, denying the carrier’s last-minute appeal to keep hold of the jets. 

Aircastle was permitted to repossess its remaining nine planes leased to Avianca Brasil over this weekend, drastically reducing Avianca Brasil's chances of surviving and trading its way out of bankruptcy protection. The vast majority of the cancelled flights were scheduled to take place between Monday and Wednesday of next week, with some of them on the busiest route Sao Paulo - Rio de Janeiro. 

For months, the carrier had been able to hang on to aircraft, despite missing lease payments because judges had stated the airline needed the aircraft to keep operating the planes until a creditor meeting took place to define the fate of the company. That meeting took place last week and the creditors approved auctions of the airline's assets.


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