Avianca entered Chapter 11 last May, and has spent a year-and-a-half coming to agreements with its creditors while sourcing some $1.7 billion (£1.3 billion) in fresh funding.
These actions, said Avianca, will allow the carrier to emerge with a "solid balance sheet, significantly reduced debt and more than $1 billion (£750 million) in liquidity."
The restructuring process, meanwhile, has allowed Avianca to revamp its business model with a focus on efficiency and maintaining a lower cost base.
