Avianca files reorganisation plan; Climate Code Red accelerates agenda for aviation

On August 10, Avianca’s Board of Directors approved the filing of the company’s reorganisation plan with the US Bankruptcy Court for the Southern District of New York. The plan outlines Avianca’s proposal to satisfy pre-bankruptcy obligations to creditors, while its disclosure statement describes the terms of the plan and the corresponding approval process. Avianca describes this moment as an “important milestone” as the company continues toward the successful completion of its financial and operational restructuring. Avianca maintains that it has made significant progress in repositioning and simplifying the business with the adoption of more competitive pricing for passengers, continuing its