Avianca Brazil files for Brazilian bankruptcy protection

Avianca Brazil has filed for bankruptcy protection with a Brazilian court in a move that comes after lessors sought to repossess some of the carrier's aircraft, two sources tell FlightGlobal. The carrier, Brazil's fourth largest airline, had been working with lessors to reach tenable lease agreements but failed to find common ground, one person close to the proceedings says. The company leases 50 of its 58 aircraft. (www.flightglobal.com) Mais...