The Colombian government to make a 18-month loan for US$370 million to Avianca, which corresponds to the estimated time that the restructuring process of the company under bankruptcy.

The transaction would take place under the Debtor in Possession financing provided for under Chapter 11 of the Bankruptcy Code of the United States.

This was approved by the country's Management Committee of the Emergency Mitigation Fund. However, the funds must be evaluated and authorized by the judge in charge of the case in the Southern District Court of New York.