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Avianca Brasil Airline Declares Bankruptcy

Cash-strapped Avianca Brasil, the country's fourth-largest airline, on Tuesday sought bankruptcy protection from creditors but reassured passengers that flights will continue. "Due to resistance from the lessors (of their aircraft) to reaching a friendly settlement, we have filed seeking protection from creditors, to protect clients and passengers," a company statement said. Operations are not expected to be affected and "passengers can have complete peace of mind to...

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