News provided by World Aviation News
Note from Canadian Aviation News: Avianca flys out of Toronto Pearson YYZ

Avianca Brasil on December 11, 2018 announced it was filing for bankruptcy protection.
The airline also stated its passengers flights will continue. The debts from its creditors amounts to almost 493 million reais ($127 million).
The airline issued this statement (translated from Portuguese):

We are here to clarify the news circulated in the press.
Due to the resistance of our aircraft lessors to an amicable agreement, we had to file a request for judicial recovery to protect you, our customers and passengers. As the first court decision, we have had the release of our fleet to comply with all scheduled flights at the airports where we operate.
That is, our operations WILL NOT BE AFFECTED.
You, our passengers, can have absolute peace of mind in making your reservations and purchasing your tickets, since all sales and flights are and will be kept.
We will continue here, serving all customers, flying to all destinations with the quality and excellence for which we are known and recognized.
Let’s continue with our mission: make you fall in love. Just come!
Avianca Brasil