Wednesday, November 13, 2019

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United and Kingsland hand Avianca lifeline

Friday, October 11, 2019


United Airlines, and Kingsland Holdings announced a commitment to provide Colombia-based airline Avianca at least a $250 million senior secured convertible loan

In addition, the lenders and Avianca have agreed to terms and conditions under which the airline expects to seek to raise an additional $125 million of incremental debt from preferred shareholders, Finance Colombia reports.