By Xiu Ying, Contributing Reporter
RIO DE JANEIRO, BRAZIL - By the end of next week, Avianca Brazil should have its fleet reduced from 26 to 5 aircrafts. The company recently lost ten airplanes after the jet leaseholders won an open court clash over the airline's default.
The situation of Avianca worries Latam, who has committed to retaining part of the assets of the indebted competitor in an auction scheduled for May 7. The apprehension stems from the risk that Avianca will have to shut down operations before the auction date.
In the auction, the Avianca certificate of operation will . . .