Avia Solutions Reaches Out to Bondholders After Debt Selloff

Avia Solutions Group will hold a call with its bondholders on Monday after a steep selloff in the aviation company’s debt this week, company spokespeople told Bloomberg News.

The Ireland-based firm also sent a notice to bond investors on Wednesday in an effort to address any concerns about what the company described as a “smear campaign” consisting of “unsubstantiated and speculative accusations” about Avia’s sale of former subsidiary SmartLynx Airlines, the notice said.