Avia Bonds Fall Into Distress as Iran War Roils Travel Industry

Avia Solutions Group’s bonds have fallen into distressed territory as turmoil in the travel industry caused by the Middle East war dampens demand for the aviation company’s debt.

The firm’s $300 million notes due in May 2029 were quoted as low as 79.6 cents on the dollar on Tuesday morning, down from 81 cents at the end of last week, according to data compiled by Bloomberg.