Avianca US$250m

Travel Daily - - News -

UNITED Air­lines and Kings­land Hold­ings have agreed to pro­vide up to US$250 mil­lion to South Amer­i­can air­line, Avianca Hold­ings, in an ef­fort to grant “greater fi­nan­cial flex­i­bil­ity” to the car­rier as it ex­e­cutes a debt re-pro­fil­ing plan for 2021.

The air­lines, which are both share­hold­ers in the avi­a­tion com­pany, have agreed to pro­vide the money as part of a four-year loan, with in­ter­est paid “in kind”.

Fi­nal doc­u­men­ta­tion is be­ing drafted, with the deal set to be ex­e­cuted by mid-Oct.

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