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Avianca Brasil must file an application for judicial recovery. The State found that the company had filed a lawsuit in secret court before the 1st Commercial Court of São Paulo. One source said that it was a judicial recovery, but the company denied the information.
Since last week, the company has been sued for the return of aircraft rented for non-payment. Having experienced rapid expansion, Avianca in Brazil faces difficulties in paying suppliers, meeting the obligations of airport concessionaires and possibly having to return aircraft.
The state determined that the debt with all Brazilian airports, public and private, reached nearly 100 million pesos – only Guarulhos was 25 million pesos. In recent days, however, the company has been able to repay some of its debt.
Due to late payments to suppliers and obligations to airport concessionaires, the airline may have to return 11 aircraft, or 18% of its fleet, to Constitution Aircraft.
The Company recently raised R $ 130.7 million from ABC, Daycoval, Safra and Fibra banks, with maturities ranging from 2018 to 2021, bringing the Company's debt to R $ 306 million at the end of the year. third trimester. At the end of 2017, it was 194 million
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