|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||0.1200 - 0.1200|
|52-week range||0.0300 - 1.2500|
|Beta (5Y monthly)||1.94|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||12 Sept 2019|
|1y target est||0.20|
Colombian airline Avianca said on Wednesday it has successfully completed its Chapter 11 bankruptcy process, a month after a U.S. court approved its reorganization process. "Today the prior conditions have been completed," the airline said in a statement from Bogota. Avianca "has emerged successfully from said process."
Airline Avianca Holdings, which is in the process of finishing a restructuring process under Chapter 11 bankruptcy, is to offer around 100 pilots who left the company following a strike in 2017 the chance to rejoin the company, it said on Thursday. "Without doubt, today we mark a milestone in our history and this is a golden opportunity to start from scratch, to strengthen teamwork and build the Avianca we all need," said the company's chief executive and president, Adrian Neuhauser. The pilots who return to Avianca will do so under the same conditions that were agreed with pilots in 2020, while the company plans to start a training program that exceeds the requirements of aeronautical regulations.
Airline Avianca Holdings will move its domicile to the United Kingdom and its stock will no longer be traded on the Colombian stock exchange, the company said on Wednesday, a day after a U.S. court's approval of the company's restructuring plan. Colombia's flag carrier had filed for Chapter 11 bankruptcy at a U.S. court in New York in 2020 amid the coronavirus pandemic. Once its principle domicile is established in the UK, the company will be known as Avianca Group International Ltd. Its current shareholders will not receive any payout or be included as shareholders in Avianca Group, the airline added.