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It is not only affected by the situation in Colombia, but in the countries in which the airline has operations.
According to Data IFX, the recent stock collapse left the airline with a market value of 66,000 million pesos, around 17 million dollars, that is, the market capitalization at this time.
This medium emphasizes that this value is very low if we take into account that, for example, only the loan for which Germán Efromovich lost control of Avianca amounts to 450 million dollars, a value much higher than what the airline in stock market matters.
Avianca closed this Tuesday with a price of 66 pesos per share, after its title fell more than 70% on the Colombian Stock Exchange.
Avianca’s stock crash came after the bankruptcy filing it made last weekend in the United States, a petition that received the approval of the Court of the Southern District of New York that approved the first requests of Avianca Holdings for a reorganization , which includes the guarantee to “continue paying its employees, agencies and allied suppliers”.
“Avianca’s successful first hearing shows an important achievement in relation to the protection request under Chapter 11, which will allow it to meet various urgent payments and maintain operational continuity during the reorganization,” the airline said in a statement. .
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