Avianca Brazil filed for bankruptcy protection Dec. 11, stemming from a potential repossession of 21% of its fleet by lessors. In a statement distributed to several media outlets, Avianca Brazil said its bankruptcy request was filed to “protect its customers and passengers … due to the resistance of its aircraft lessors to an amicable agreement.” The airline said its operations will not be affected. Reuters reported Dec. 12 that a Brazilian bankruptcy judge granted ...

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