Avianca to stop flying to Cuba due to US sanctions

Avianca has announced that it will no longer be serving flights to Cuba whilst it resolves a pending matter with OFAC regarding its Cuba-related commercial operations (see Form 6-K, an annual report required by the US Securities and Exchange Commission). Following a restructuring process in November 2018, after Avianca’s majority shareholder (Synergy) defaulted on a loan extended by United Airlines, …