Finance Colombia »Avianca files reorganization plan with US bankruptcy court


Tuesday, Avianca’s The board of directors has approved the filing of the reorganization plan and disclosure statement with the United States Bankruptcy Court for the Southern District of New York. Avianca says the plan is the result of negotiations with investors and other related parties and describes Avianca’s proposal to meet pre-bankruptcy obligations to creditors, while the disclosure statement outlines the terms of the plan and the corresponding approval process.

“This filing of the plan represents an important step as we continue towards the successful completion of our financial and operational restructuring. The company has made significant progress in repositioning and streamlining the business with adopting more competitive passenger fares, continuing our aircraft reconfiguration process, expanding our network routes to both national and international – making Avianca the most robust airline in Latin America – securing long-term working agreements and strengthening relationships with pilots and other groups of employees, ”said Avianca said in a statement.

The next step in the Chapter 11 process will be a hearing for the United States bankruptcy court to consider the approval of the disclosure statement, which is scheduled for September 14, 2021. Avianca says she is not currently seeking votes on its reorganization plan and will not seek votes on its plan until the bankruptcy court approves the disclosure statement.

“Any information relevant to the Chapter 11 process will be disclosed to the market in a timely manner. Avianca remains committed to connecting people, territories and businesses under a value proposition that meets the needs of today’s passengers, with the best customer service and the highest safety standards. Avianca will continue to build on its 100 year heritage to become a financially stronger and more efficient airline, well positioned for long term success, ”the airline said.

UNITED STATES BANKRUPTCY COURT

SOUTHERN NEW YORK DISTRICT

—————————————————————————————––––

X

:

In re:

:

Chapter 11

:

AVIANCA HOLDINGS SA et al., 1

:

Case n ° 20-11133 (MG)

:

Debtors.

:

(jointly administered)

:

—————————————————————————————––––

X

NOTICE OF HEARING ON DEBTORS ‘REQUEST FOR ENTRY OF ORDER (I) APPROVING DISCLOSURE STATEMENT; (II) APPROVAL OF THE SOLICITATION AND THE VOTE PROCEDURES; (III) APPROVAL OF VOTING FORMS; (IV) ESTABLISH PROCEDURES TO ALLOW CERTAIN CLAIMS FOR VOTING PURPOSES; (V) PROGRAMMING A CONFIRMATION HEARING; AND (VI) ESTABLISH NOTICE AND OBJECTION PROCEDURES

1

The Debtors in these cases of Chapter 11 (the “Chapter 11 Cases”), And the federal tax identification number of each Debtor (to the extent applicable), are as follows: Avianca Holdings SA (N / A); Aero Transporte de Carga Unión, SA de CV (N / A); Aeroinversiones de Honduras, SA (N / A); Aerovías del Continente Americano SA Avianca (N / A); Airlease Holdings One Ltd. (N / A) ; America Central (Canada) Corp. (00-1071563); America Central Corp. (65-0444665); AV International Holdco SA (N / A); AV International Holdings SA (N / A); AV International Investments SA (N / A); AV International Ventures SA (N / A); AV Investments One Colombia SAS (N / A); AV Investments Two Colombia SAS (N / A); AV Loyalty Bermuda Ltd. (N / A); AV Taca International Holdco SA (N / A); Aviacorp Enterprises SA (N / A); Avianca Costa Rica SA (N / A); Avianca Leasing, LLC (47-2628716); Avianca, Inc. (13-1868573); Avianca-Ecuador SA (N / A); Aviaservicios, SA (N / A); Aviateca, SA (N / A); Avifreight Holding Mexico, SAPI de CV (N / A); CR Int’l Enterprises, Inc. (59-2240957); Grupo Taca Holdings Limited (N / A); International Trademark Agency Inc. (N / A); Inversiones del Caribe, SA (N / A); Isleña de Inversiones, SA de CV (N / A); Latin Airways Corp. (N / A); Latin Logistics, LLC (41-2187926); Nicaragüense de Aviación, Sociedad Anónima (N / A); Regional Express Américas SAS (N / A); Ronair NV (N / A); Servicio Terrestre, Aereo y Rampa SA (N / A); Servicios Aeroportuarios Integrados SAI SAS (92-4006439); Taca de Honduras, SA de CV (N / A); Taca de México, SA (N / A); Taca International Airlines SA (N / A); Taca SA (N / A); Tampa Cargo SAS (N / A); Technical and training services, SA de CV (N / A). The principal offices of the Debtors are located at Avenida Calle 26 # 59 – 15 Bogotá, Colombia.

PLEASE TAKE NOTE than a hearing (the “Audience”) Will be held at 10:00 AM (Eastern Time) September 14, 2021 before the Honorable Martin Glenn, United States Bankruptcy Judge, United States Bankruptcy Court for the Southern District of New York, One Bowling Green, New York, New York 10004 to review the Debtors’ request for the registration of an order (I) approving the disclosure statement; (II) approve the solicitation and voting procedures; (III) approve the ballot papers; (IV) Establish procedures to authorize certain complaints for voting purposes; (V) Scheduling a confirmation of charges hearing; and (VI) Establish notification and objection procedures (the “Movement“).

PLEASE TAKE MORE NOTICE that the hearing will take place remotely via Zoom for Government. Parties wishing to appear at the hearing, whether in a “live” or “listen-only” capacity, must make an electronic appearance through the “eCourtAppearances” tab on the Court’s website (http://www.nysb.uscourts.gov/content/judge-martin-glenn) not later than 4:00 p.m. (Eastern Time) the business day before the hearing (the “Appearance deadline“). After the court appearance deadline, the Court will email the Zoom to Hearing link to parties who have appeared electronically. Parties wishing to appear at the hearing must make an electronic appearance on the Court’s website by the court deadline date and not by emailing or otherwise communicating with the Court. Additional information regarding the Court’s Zoom and hearing procedures is available on the Court’s website.

PLEASE TAKE MORE NOTICE that any objection or response to the relief sought in the Motion must: (a) be in writing; (b) comply with the Federal Rules of Bankruptcy Procedure, the Local Bankruptcy Rules for the Southern District of New York, all general orders applicable to Chapter 11 matters of the United States Bankruptcy Court for the Southern District of New York York, and the Order’s Business Management; (c) be filed electronically with this Court on the record of In re Avianca Holdings SA, Case 20-11133 (MG) by registered users of this Court’s electronic filing system and pursuant to General Order M-399 (which is available on this Court’s website at http://www.nysb.uscourts.gov) by September 7, 2021, 4:00 p.m. (Eastern Time); and (d) be served on the following parties: (i) the Houses of the Honorable Martin Glenn, United States Bankruptcy Court for the Southern District of New York, One Bowling Green, New York, NY 10004 ([email protected]); (ii) the Debtors, Avenida Calle 26 No. 59-15 Bogotá DC, Colombia (Attn: Richard Galindo ([email protected])); (iii) Milbank LLP, 55 Hudson Yards, New York, New York 10001, (Attention: Evan R. Fleck, Esq., Gregory A. Bray, Esq., and Benjamin M. Schak, Esq. ([email protected], [email protected], and [email protected])), counsel for the Debtors; (iv) Willkie Farr & Gallagher LLP, 787 Seventh Avenue, New York, NY 10019 (attention: Brett H. Miller, Esq. and Todd M. Goren, Esq. ([email protected] and [email protected])), adviser to the official Unsecured Creditors Committee (the “Committee“); (v) US Department of Justice, Office of the US Trustee, 201 Varick Street, Room 1006, New York, NY 10014 (Attn: Brian Masumoto, Esq. and Greg Zipes, Esq. ([email protected] and [email protected])); (vi) the Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549; and (vii) Federal Aviation Administration, 800 Independence Ave., SW Washington, DC 20591 (Attn: Office of the Chief Counsel).

PLEASE TAKE MORE NOTICE that if no objection is filed and served on time with respect to the petition, the debtors must, on or after the objection deadline, submit to the Court an order substantially in the form annexed as Exhibit A on petition, order that the court may enter without further notice or opportunity to be heard.

PLEASE TAKE MORE NOTICE that copies of the motion and other pleadings for subsequent hearings can be obtained free of charge by visiting the KCC website at http://www.kccllc.net/avianca. You can also obtain copies of any pleadings by visiting at http://www.nysb.uscourts.gov in accordance with the procedures and fees set out therein.

PLEASE ALSO TAKE NOTICE that your rights may be affected.You should read the motion carefully and discuss it with your lawyer, if you have one. If you don’t have a lawyer, you can consult one.

PLEASE TAKE MORE NOTICE that the hearing may be continued or subsequently adjourned from time to time without further notice other than an announcement of the date or dates adjourned at the hearing or at a subsequent hearing.

Dated: August 10, 2021

New York, New York

/ s / Evan R. Fleck

Dennis F. Dunne

Evan R. Fleck

Benjamin schak

MILBANK LLP

55 meters from Hudson

New York, New York 10001

Telephone:

(212) 530-5000

Facsimile:

(212) 530-5219

– and –

Gregory A. Bray

MILBANK LLP

2029 Century Park East, 33rd Floor

Los Angeles, California 90067

Telephone:

(424) 386-4000

Facsimile:

(213) 629-5063

Debtors Council and

Debtors in possession

If you have any questions regarding this notice, please call (866) 967-1780 (US / Canada) or +1 (310) 751-2680 (International). Court records and other documents related to the Chapter 11 process in the United States are available at www.kccllc.net/avianca.

Si tiene alguna pregunta relacionada con es te aviso, llame al (866) 967-1780 (EE. UU. / Canada) or al +1 (310) 751-2680 (internacional). Los archivos judicales y otros documentos con el proceso del Capitulo 11 en los EE. UU. Estan available in www.kccllc.net/avianca.

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