May 6, 2019 / 7:00 PM / 15 days ago

Avianca Brasil bankruptcy auction scheduled for Tuesday suspended

SAO PAULO, May 6 (Reuters) - A bankruptcy auction for struggling carrier Avianca Brasil that was scheduled for Tuesday has been suspended through a last-minute injunction, according to a legal document seen by Reuters.

The suspension could put further stress into Avianca Brasil, which has struggled to maintain its operations afloat. It is unclear when a new auction will be scheduled. The suspension was first reported by newspaper O Estado de S. Paulo. (Reporting by Marcelo Rochabrun)

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