Stocks

Avianca Brasil to fly from airport that had required upfront payment

SAO PAULO, April 12 (Reuters) - Struggling carrier Avianca Brasil AVT_p.CN will be able to fly on Friday from Brazil's largest airport, located in Guarulhos, a day after the airport operator said it would only allow their flights there if it received upfront payment daily.

A source with knowledge of the matter said Avianca Brasil paid airport operation fees upfront at the Guarulhos airport on Friday and that it had committed to paying necessary fees for weekend operations as well.

Avianca Brasil filed for bankruptcy protection in December and has been running up debts with lessors and airport operators as it continues to carry out most of its scheduled flights. The airline is very low on cash and fell behind on its payroll in March, the company has said.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More