http://www.usatoday.com/travel/news/...a-bankrupt.htm

"The protection could last for months or years. We hope that in approximately eight months we will emerge again from the protection offered by Chapter 11," Posada told Reuters, adding that as much as $130 million could be restructured"

"The other airlines controlled by Summa, ACES and SAM, will not be seeking Chapter 11 protection, which allows companies to propose a restructuring plan to a U.S. court while continuing to operate."

Looks like Avianca will continue to fly. I hope.

Any word otherwise?