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Avianca Brasil: Elliott fund will finance recapitalization

$ 75 million to control 49% of the new company

The fund Elliott Management would be ready -according to the Brazilian newspaper "Valor"- to extend the loan to Avianca Brasil to the airline in a state of insolvency of $ 75 million, so as to allow it to remain operational and avoid a closure waiting to find the buyer. Just Avianca Brasil -on Friday- had presented in a court of San Paolo the restructuring plan, underlining that it would have served...

M/A - 1218551

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