Reported 12 months ago
Avianca, Colombia's largest airline, is gearing up for an initial public offering (IPO) in the United States after successfully restructuring and emerging from Chapter 11 bankruptcy. With over 140 planes and numerous destinations in South and Central America, Avianca aims to go public in the U.S. following a profitable year in 2023. The airline's leadership is preparing for a confidential IPO filing, following a trend set by competitor Aeromexico. Avianca's IPO is seen as a strategic move to support the airline's growth amid increasing travel demand in South America.
Source: YAHOO