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Joele Frank is handling US media for Avianca, Latin America's third-biggest airline, which filed for Chapter 11 on May 10 due to the "unforeseeable impact of the COVID-19 pandemic."
The fleet of the Columbia flagship carrier has been grounded since mid-March, a move that wiped out 80 percent of its revenues.
"Avianca is facing the most challenging crisis in our 100-year history as we navigate the effects of the COVID-19 pandemic," said Anko van der Werff, CECO.
He said the grounding and a projected gradual recovery from the COVID-19 crisis made the Chapter 11 filing in US Bankruptcy Court for the Southern District of New York a "necessary step to address our financial challenges."
Avianca flies more than 30M people a year to 76 destinations in 27 countries. It has more than 21K workers.
Joele Frank, Wilkinson Brimmer Katcher's Leigh Parrish represents Avianca, while LLYC's Alejandra Aljure works in the Central American region.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
