The second oldest airline in the world declares bankruptcy

Due to the outbreak of the Coruna Virus, the Colombian airline Avianca declared bankruptcy, on Sunday, after failing to meet the deadline for the bond repayment, setting a vivid example of the major economic impacts of the Corona outbreak.

The Colombian government did not respond to the demands of Avianca, the second oldest airline in the world, for material aid, to officially declare its bankruptcy on Sunday.

If it fails to get out of bankruptcy, Bogota-based Avianca will be one of the first major airlines in the world to “deteriorate” as a result of the “Covid-19” epidemic, which paralyzed global travel.