Avianca Emerges From Chapter 11 PR Newswire BOGOTA, Colombia, Dec. 1, 2021 - After entering Chapter 11 on May 10, 2020 , the company successfully achieved agreements with its creditors, raised fresh investments of $1.7 billion , and obtained approval for its plan of reorganization, emerging with a solid balance sheet, significantly reduced debt and over $1 billion in liquidity. - With the airline's exit from Chapter 11, the Company has a new business model with a more flexible product tailored...