[ad_1]
Avianca Brasil, which has filed for bankruptcy in December, is hoping that advanced negotiations with Elliott Management hedge fund will prevent the shutdown of its planes, two sources close to the case said Thursday.
Employees of Avianca at Afonso Pena airport, in São José dos Pinhais 13/12/2018 REUTERS / Paulo Whitaker
Photo: Reuters
Avianca Brazil has been interviewing Elliott for a credit for hedge funds, which provides a loan of 250 million reais, sources said. An agreement has not yet been found and the leasing companies have not been paid, added sources, calling for anonymity.
Avianca intends to tell the judge managing judicial recovery that progress has been made in the loan negotiations and hopes that the court will have more time to reach a final settlement. sources.
Among its major creditors, Avianca is a General Electric leasing company owned by GEA Aviation and GE Capital Aviation, which have been looking to take over aircraft since December.
Avianca declined to comment and Elliott did not immediately respond to a request for comment.
In December, Avianca hired the consulting firm Galeazzi to help her find a partner or buyer, reported Reuters last week
Reuters – This publication contains information and data is protected by copyright. It is expressly forbidden its use or its name without the prior authorization of Reuters. All rights reserved.
Source link
