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As part of the bankruptcy, the airline proposes to sell the landing and take-off times, in particular to Congonhas and Brasilia
Avianca wants to sell schedules at airports to pay debts
On the day when the judge of justice for Avianca Brasil made a proposal for payment to the airlines, the carrier presented its plan for bankruptcy and managed to maintain the possession of the aircraft.
The company's plan, to be approved by a meeting of creditors, provides for the sale of their schedules for landings and departures at airports (slots, in the jargon of the company). industry), according to the newspaper O State of São Paulo
At a hearing held on October 14, the Ministry of Justice had given Yesterday to Avianca to submit the proposal for payment and s & # 39; Commit to making future payments on the due dates. Otherwise, Judge Tiago Henriques Papaterra Limongi, of São Paulo's 1st Bankruptcy and Bankruptcy Court, could determine the immediate reinstatement of the aircraft.
Avianca is negotiating a $ 250 million injection into the company, which, according to sources reported by the state, would be carried out by the American fund Elliot.
Even with the contribution, the idea of the leaders of the airline is to sell the operational part, which would not include the debts. As a result, the company is fighting in court to avoid losing its current plane. Avianca leases all the aircraft it uses and could pbad them on to the company's buyer, which would make the activity more attractive.
The recovery plan also provides for the possibility for the company to have landing and departure authorizations, in particular those of the airports of Brasilia and Congonhas. With the resources raised, the company would pay the creditors.
During the judicial reorganization of this month of December, Avianca contracts a debt of nearly R $ 500 million, without taking into account the debts of the lenders. Last month, the company made proposals to six out of eight funders – two did not want to talk. To the question, Avianca said that she was "focused on the continuity of its operations, the sustainability of its business and its plan of judicial recovery".
The information comes from the newspaper O Estado de S. Paulo.
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