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Avianca to reoffer jobs to around 100 pilots amid restructuring -Breaking

© Reuters. FILEPHOTO: A flight departing from Avianca Airlines is seen standing on the Mons’ tarmac as part of the Mons’ reopening ceremony. Oscar Arnulfo Romero International Airport, in San Luis Talpa, El Salvador September 19, 2020. REUTERS/Jose Cabezas/File Photo

BOGOTA (Reuters), Airline Avianca Holdings is closing the Chapter 11 bankruptcy restructuring. The company is offering the chance for around 100 former pilots to join the company.

Adrian Neuhauser (CEO and President) said that today was a significant milestone in our company’s history. He also stated, “Without doubt this is an opportunity to begin from scratch, strengthen teamwork, build the Avianca all of us need.”

In September-November 2017, the pilot strike that took place between September and November 2017 caused half of the airline’s fleet to be grounded. It resulted in many pilots being dismissed, others being retired, and pilots who were still working for them getting laid off.

It stated that the plan would allow it to run more than 200 direct routes by 2025 with its more than 130 aircraft fleet.

Avianca plans to offer pilots who are returning to Avianca the same terms and conditions as in 2020. It also has plans to develop a program of training that goes beyond the aeronautical regulations.

Avianca, who was afflicted by the coronavirus virus pandemic, filed Chapter 11 bankruptcy. In November, a United States court approved Avianca’s restructuring plan.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.