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Colombia’s Avianca looks to shed aircraft through Chapter 11

Avianca is Latin America's second-largest airline/shutterstock.com/Thiago B Trevisan

Colombian aviation group Avianca has filed for Chapter 11 protection in New York seeking to reduce its fleet in light of the covid-19 pandemic, in what is the second time it has turned to US bankruptcy courts since it became an early "bankruptcy tourist" almost two decades ago.

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