United takes no enforcement action in Avianca shareholder loan violation

Credit: Avianca Holdings
United Airlines has not leveraged collateral in Avianca Holdings that could see it take control of the Colombian carrier following loan-covenant violations by majority shareholder BRW Aviation, which put up its ownership stake to guarantee a loan from the Chicago-based carrier. “United has not taken...
Sean Broderick

Senior Air Transport & Safety Editor Sean Broderick covers aviation safety, MRO, and the airline business from Aviation Week Network's Washington, D.C. office.

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