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Avianca, a Colombian airline, has declared bankruptcy as it is not likely to bear the brunt of the outbreak of the new Coruna virus.
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The Colombian government did not respond to the demands of Avianca, the second oldest airline in the world, to obtain financial aid to declare bankruptcy.
The company has not made regular flights since late March, and it has had to lay off most of its 20,000 employees without pay.
Avianca is the second oldest continuously operating airline in the world after the Dutch “KLM”.
The company suffered from $ 7.3 billion in debt in 2019, before 2020 came the outbreak of the Corona virus, which ended.
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