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A service for airline industry professionals · Tuesday, March 2, 2021 · 536,156,782 Articles · 3+ Million Readers
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Avianca News Monitoring

  • Published on Feb 22, 2021

    Airline Viva Air announces Medellín as new hub, expands flight offerings

    Colombian airline Viva Air announced this week that the José María Córdova International Airport in Rionegro, which services nearby Medellín, will become the company’s strategic hub. It also announced a number of new international routes.  According to …

    Source: The Bogota Post - Neutral
  • Published on Dec 14, 2020

    Master List Of All Major International Airline Coronavirus Change And Cancellation Policies

    December 14, 2020 11:03 AM Dia Adams, Forbes Advisor Staff Posted: December 14, 2020 11:03 AM Updated: December 14, 2020 12:00 PM Last updated December 14, 12 p.m. EST. “What should I do about my trip?” It’s a question we are hearing often. In the short …

    Source: WISC-TV Channel 3000 - Wisconsin - Neutral
  • Published on Dec 14, 2020

    APEX announced 2021 Official Airline Ratings recipients

    Airlines Vicky Karantzavelou / 14 Dec 2020 08:57 157 APEX is a network of the world's leading airlines, airports, alliances, suppliers, and related companies committed to elevating the air travel experience for passengers. Delta Air Lines Chief …

    Source: Travel Daily News - Neutral
  • Published on Nov 20, 2020

    7 Airline Stocks to Watch If a Coronavirus Vaccine Is Near

    Do we finally have blue skies ahead for airline stocks? It’s too early to sound the all-clear, but things are certainly looking up. The announcement of the Pfizer (NYSE:PFE) vaccine breakthrough last week set off a seismic shift in the stock market. …

    Source: Financial Content - Neutral
  • Published on Nov 18, 2020

    Avianca US$2 Billion refinancing plan approved by Chapter 11 court

    Avianca Holdings S.A, parent company of Bogotá-based Avianca may be clearing financial turbulence after a New York court approved a U.S$2 billion refinancing plan in order for the carrier to clear Chapter 11. Avianca filed for protection in May, less than …

    Source: The City Paper Bogotá - Neutral
  • Published on Aug 20, 2020

    Avianca airline magnates held in Brazil graft probe

    SAO PAULO: Two of South America's wealthiest brothers, the Bolivian-born airline magnates German and Jose Efromovich, were arrested on Wednesday (Aug 19) in Brazil as part of the country's sweeping anti-corruption probe, "Operation Car Wash.…

    Source: Channel News Asia - Public Broadcaster
  • Published on Oct 5, 2020

    Avianca resumes the Quito - Bogota route

    Airlines Vicky Karantzavelou / 05 Oct 2020 08:50 298 The airline restarts its operations with three weekly flights and hopes to increase them to one daily flight by the end of the month. QUITO – This Friday, the first flight of the Avianca airline …

    Source: Travel Daily News - Neutral
  • Published on Oct 6, 2020

    Avianca Holdings S.A. Receives U.S. Court Approval to Access US$2.0 Billion Debtor-In-Possession ("DIP") Financing

    BOGOTA, Colombia, Oct. 5, 2020 /PRNewswire/ -- Avianca Holdings S.A. (OTCMKTS: AVHOQ, BVC: PFAVH) (the "Company" or "Avianca") today announced that it has received approval from the U.S. Bankruptcy Court for the Southern …

    Source: GuruFocus.com - Neutral
  • Published on Oct 1, 2020

    Why Shares of Brazilian Airline Azul Are Up Today

    What happened It's been a rough year for the airline industry, including Brazil's Azul (NYSE:AZUL), as COVID-19 has decimated travel demand and forced some carriers into bankruptcy. But a Goldman Sachs analyst thinks Azul is a survivor, and his …

    Source: Financial Content - Neutral
  • Published on Sep 29, 2020

    Inside the airline industry's meltdown

    When an airline no longer wants a plane, it is sent away to a boneyard, a storage facility where it sits outdoors on a paved lot, wingtip to wingtip with other unwanted planes. From the air, the planes look like the bleached remains of some long-forgotten …

    Source: The Guardian - Neutral
  • Published on Sep 25, 2020

    Avianca Ready to Resume International Service

    Avianca on Friday said it would resume international flights starting September 28, some ten days after Colombia’s transport ministry announced plans to lift the country’s international travel ban imposed in March. The airline plans to launch service to 16 …

    Source: Aviation International News - Neutral
  • Published on May 11, 2020

    Avianca airline driven to bankruptcy by coronavirus

    "Help from governments to the airline industry is vital," Silvia Mosquera, Avianca's chief commercial officer, said in a statement to Reuters before the bankruptcy. Avianca, one of the oldest airlines in the world, estimated liabilities …

    Source: BusinessLIVE - Uncategorized
  • Published on Sep 24, 2020

    Avianca secures US$2bn in funding as bankruptcy battle continues

    Colombian flag-carrier Avianca has lined up a $2 billion bankruptcy-loan package to finance its stay in chapter 11. The cash has been sourced from a group of investors and lenders including United Airlines and chairman Roberto Kriete personally. One of the …

    Source: Internet Travel News - Neutral
  • Published on Sep 23, 2020

    Avianca execs get US$7.2 million in bonuses as airline faced insolvency

    Avianca is after a lot of liquidity – US$2 billion to be precise – by securing debtor-in-possession (DIP) commitments to reorganize under Chapter 11. The announcement that Avianca Holdings SA, parent company of the Colombian registered airline, has access …

    Source: The City Paper Bogotá - Neutral
  • Published on May 10, 2020

    Colombia's Avianca airline files for bankruptcy over coronavirus...

    By Devika Krishna Kumar and Marcelo Rochabrun NEW YORK/SAO PAULO (Reuters) - Avianca Holdings SA (CN:AVT_p), Latin America's second-largest airline, filed for Chapter 11 bankruptcy on Sunday, as a bond payment deadline loomed and after …

    Source: Investing.com - Neutral
  • Published on Sep 23, 2020

    CORRECTED-Bankrupt airline Avianca paid millions in executive bonuses during pandemic

    SAO PAULO (Reuters) - Airline Avianca Holdings AVT_p.CN came 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 …

    Source: Reuters - Neutral
  • Published on May 10, 2020

    Colombia's Avianca airline files for bankruptcy over coronavirus impact

    (Adds details from press release) May 10 (Reuters) - Colombian airline Avianca Holdings SA , filed for Chapter 11 bankruptcy on Sunday, after the coronavirus pandemic forced the company to ground passenger operations since mid-March and reduced its …

    Source: Reuters - Neutral
  • Published on May 10, 2020

    Avianca airline seeks Chapter 11 bankruptcy protection

    BOGOTA, Colombia — One of Latin America’s largest airlines filed for Chapter 11 bankruptcy protection Sunday in New York, saying the COVID-19 pandemic has devastated its business. Avianca Holdings said in a statement that the move is aimed at continuing …

    Source: The Republic - Indiana - Neutral
  • Published on Sep 23, 2020

    Bankrupt airline Avianca paid millions in executive bonuses during pandemic

    SAO PAULO, Sept 23 (Reuters) - Airline Avianca Holdings came 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 …

    Source: Reuters - Neutral
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