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The problem that Avianca has in we will see focuses on inability to maintain a cash amount greater than $ 400 million.
According to La República, this point has the airline in trouble and, although it tries to maintain liquidity, the box that it registered with the cut of last July was of 352 million dollars.
That same newspaper highlights that the loan could not be given if this condition is not met and recalls that in the first two months of this year, prior to the crisis, the company registered an Ebit of $ 31.4 million.
Despite this, the scenario for Avianca is now different if you take into account the announcement he made this week about new investments, which led to it not requiring a loan from the Colombian government of 370 million dollars, but 240 million.
The controversial loan for the airline continues to be news in Colombia and opinions are divided. This week it was also known that the company has given millionaire bonuses to senior executives in recent weeks, despite the money needs it requires to save itself from bankruptcy.
The CEO of the company, Anko David van der Werff, who arrived at the airline in 2019, received more than 3.7 million dollars in June (13,000 million pesos, approximately).
The company also justified the payments, noting that these were awarded for senior managers to remain throughout the Chapter 11 process (a process that takes place in the United States), said the API agency.
And the loan for Avianca?
The airline and the Government, headed by Minister of Finance Alberto Carrasquilla, are in the dispute with the Administrative Court of Cundinamarca to reverse the decision to suspend the loan disbursement that would be awarded to the company in order to “guarantee Colombian air mobility” –
The airline, highlighted several days ago in a statement that will present the necessary documents before the high court in order to demonstrate that the transaction is “beneficial for the country”This is taking into account that in the process the Government is granted important backing guarantees and “attractive financial returns.”
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