Avianca Brazil files for bankruptcy; judge halts aircraft repossession

Credit: Avianca Brazil/Facebook
Avianca Brazil reportedly filed for bankruptcy protection Dec. 11, stemming from a potential repossession of 21% of its leased fleet.On Dec. 10, US-based lessor Aircastle issued an SEC filing that it had terminated the lease and had begun repossession processes for 10 Airbus A320-200s and one A330...

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