$30 Million Debt Grounds Colombia Airline.

Bogota, Colombia: Colombian airline ACES grounded all flights Wednesday amid crippling debt, the nation’s civil aviation agency said, and shareholders were considering dissolving the company. ACES, which stands for Aerolineas Centrales de Colombia, was once the country’s main domestic carrier, with some international routes. It is reportedly $30 million in debt. Full Story.

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