Hope for Viva Air: Supersociedades says they have a chance to save themselves - Sectors

Hope for Viva Air: Supersociedades says they have a chance to save themselves – Sectors – Economy

Mitchell G. Patton3 years ago

For several months now, Viva Air planes have been parked at the country’s main airports without providing any service. Meanwhile, miles of passengers try to find solutions to reach their destinations, after the sudden cancellation of this airline’s flights.

(We recommend reading: Viva Air’s reorganization process was approved: what’s next and what’s Ultra up to?).

There was talk of a possible integration with Avianca to provide transportation services, but lThe response after several negotiating meetings was not favorable: the companies did not accept Aerocivil’s demands.

It was then that there was talk of the definitive closure of Viva Air, the low-cost airline that had a large part of the routes with the most air traffic in the country.

The dilemma faced by Viva Air workers

However, the Superintendence of Companies revived the hopes of the users of this airline, after saying that Viva Air could be saved.

In dialogue with Blu Radio, Billy Escobar, Superintendent of Societies, explained that the company still has possibilities to organize its finances and make a reorganization to make payment agreements with your creditors.

(It might interest you: Viva Air assures that it will not be able to pay the May payroll to its employees).

“The possibility is opened for Viva to organize its obligations, to organize the debts and to agree on payment agreements with its creditors.. This is an instance of company rescue, not liquidation,” Escobar commented.

The official said that it is important to save jobs and guarantee that Viva Air’s assets served as salvation for the economic obligations that were left unanswered with the suspension of air operations.

It is said that only 700 people would continue to work with the company, but that, as of May 31, there would be no payroll or benefits. The employee fund would be liquidated.