Two years after having ceased its operations in Peru and Colombia, Viva Air was subjected to a bankruptcy process against Indecopi. Creditors have 30 days to submit your requests for loan recognition.
After the telephone company of Peru requested an ordinary bankruptcy procedure (PCO) before the National Institute for the Defense of Competition and the Protection of Intellectual Property (INDECOPI), another company began the same process. It’s about Long live Airwhich suspended operations in Peru and Colombia in February 2023.
It is known Airline ‘Low Cost’ It crosses a financial crisis that originated during the Pandemia of the COVID-19, a period in which flights were closed and a fall in the tourist activity that negatively impacted the financial statements of the sector. In total, it has a debt that exceeds S/2 million in tax obligations, in addition to a coercive sanction of S/15,450 due to breaches with passengers harmed by flight cancellation.
In accordance with the weekly notice published by the Commission of Bankruptcy Procedures of INDECOPIthe creditors, workers and suppliers will have to submit their requests for recognition of credits within the later business days, to the date of publication that was on February 17.
“For these purposes, creditors must present a copy of the supporting titles of their credits and observe the other requirements set forth in the Single Text of Administrative Procedures – TUPA of INDECOPI, and must declare if they maintain link with the bankrupt debtor,” reads in the Entity document.
As recalled, on October 15 of last year, Long live Airlines Peru It was declared in a competition. And it is that the Peruvian subsidiary faces an inactivity state without formal settlement process, since its operations ceased in 2023. Like the case of Telefónica, the Board of Creditors must be convened to decide the future of the company, which, which It could be liquidated to settle your debts or restructure your financial obligations.
Source: Larepublica
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