As has been reported in other threads at this forum, Avianca has filled for Chap. 11 bankruptcy, in New York:

https://www.reuters.com/article/us-a...-idUSKBN22M0N1

In principle, this does not affect Lifemiles, a different entity,

Avianca Brasil tried this path, but as Brazil lacks a robust reorganization legislation (such as Chap. 11 in the US) in the end it folded up for lack of agreement with their debt holders.

Let's hope this time is different ...