Colombian government would help save Avianca



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He claims they would help save Avianca to protect air transport in Colombia.

“The government is examining different alternatives to get in and make that go well,” Carrasquilla said on Blu Radio.

The minister says that he cannot predict in which direction the processes are heading, but he is looking at ways to try to be a “piece of the solution to that problem. At some point it will be necessary to put money in ”.

He also said in that station that the way to invest in Avianca will be to ensure that this taxpayer money is used in order to protect the country’s air communication and not for other purposes.

Avianca

In addition, he practically ruled out that the Government wants to enter as a shareholder in that airline, and that is why the way of helping to avoid bankruptcy in the country is reviewed.

According to Carrasquilla, the condition in which the Colombian State would help would be that of a lender.

“Entering as a shareholder is something that would be extremely delicate, I don’t think that is a solution that one should put first on the table,” added the minister, in Blu.

Before Avianca’s bankruptcy declaration in the United States, Alberto Carrasquilla assures that it was clear that the situation is delicate in that company, even before the country entered this tragedy by COVID-19.

He says that this procedure is about establishing what the company will be like in the future. In addition, he did not rule out that the Government can help other airlines that are also experiencing a crisis in Colombia.

Avianca reported in a statement this Sunday that the decision to declare bankruptcy in the United States was made taking into account the forecasts of reduced worldwide industry revenue by $ 314 billion, according to the International Air Transport Association (IATA).

“Avianca’s regular passenger operations have been on the ground since mid-March, which has reduced its consolidated revenue by more than 80% and has put significant pressure on its liquidity,” the airline said.



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