Bankrupt airline Avianca paid millions in executive bonuses during pandemic

Airline Avianca Holdingscame under broad criticism in Colombia for paying its top two executives $6 million in bonuses in May, at a time when the carrier had furloughed most of its employees without pay and was preparing a bankruptcy filing.According to bankruptcy court documents submitted by Avianca itself, the airline paid Chief Executive Anco van der Werff $3.7 million and paid Chief Financial Officer Adrian Neuhauser $2.8 million on May 6."Avianca is facing the most challenging crisis in our