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Month

//May 2020
US President Barack Obana and Panama’s President Juan Carlos Varela look on as (seated, l to r) David Joyce, President of GE Aviation, Jim McNerney, CEO and Chairman of Boeing, Stanley Motta, Chairman of Copa Holdings, and Copa CEO Pedro Heilbron signed documents recognizing the agreement. The airplanes had previously been listed as unidentified on Boeing’s Orders and Deliveries website.
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Copa Airlines Announces Q1 2020 Profits Of $98.7 Million USD

For 1Q20, Copa Holdings reported net profit of US$74.3 million or earnings per share (EPS) of US$1.75, as compared to net profit of US$89.4 million or earnings per share of US$2.11 in 1Q19. Operating profit for 1Q20 came in at US$98.7 million, representing a 12.6% decrease from...
Posted On May 11, 2020
, By Loren Moss
4

AVIANCA IS BANKRUPT

Avianca has filed for bankruptcy protection in the US Southern District Court of New York. The airline was already struggling and facing multiple scandals before the arrival of the Coronavirus COVID-19 Pandemic
Posted On May 10, 2020
, By Loren Moss
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Viva Air Now Transporting Cargo For Humanitarian Deliveries In Passenger Cabin

Colombian airline Viva Air is now carrying humanitarian aid in empty passenger seats as well as cargo holds of its aircraft to supply food and school supplies to famine-stricken La Guajira
Posted On May 10, 2020
, By Loren Moss
Tecnoglass facilities in Barranquilla
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Despite Coronavirus Pandemic Tecnoglass Reports Strong Results

Tecnoglass (NASDAQ: TGLS) Reported gross profit for the first quarter of 2020 was $30.5 million, representing a 34.9% gross margin compared to gross profit of $31.9 million, representing a 29.8% gross margin in the prior year quarter.
Posted On May 8, 2020
, By Loren Moss
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Colombia’s Curfew & Travel Lockdown Extended 2 More Weeks

Last night, Colombia’s President Ivan Duque announced that Colombia’s travel ban & national stay-in-place order would be extended at least until May 25 to continue combating the spread of the Coronavirus COVID-19 Pandemic. Still, the president announced some lifting of...
Posted On May 6, 2020
, By Loren Moss
Viva Air flight 8274 To Cali
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Viva Air Seeks Colombian Government Loan

Colombian airline Viva Air Group is seeking a bridge loan from the Colombian Government tu maintain liquidity during the Coronavirus COVID-19 Pandemic
Posted On May 5, 2020
, By Loren Moss
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Colombia’s Petroleum Producers & Labor Union United In Decrying Oil Transport Rate Inflexibility

Both the Colombian petroleum producers' industry group ACP and the petroleum workers' union UTIPEC are in agreement in their calls for flexibility in petroleum transportation prices in Colombia's indirectly government controlled transportation network, and decry CENIT's financing...
Posted On May 5, 2020
, By Loren Moss
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Tecnoglass & Promigas Rescue Colombian Student Suffering Cancer From Kazan, Russia

Barranquilla medical student Valeria Lucia Guerrero has returned to Colombia from Kazan Russia for lymphoma treatment thanks to the help of Colombian corporations Promigas & Tecnoglass
Posted On May 4, 2020
, By Loren Moss
fedex
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Fedex Launches Grant Program For Colombian Entrepreneurs

Fedex has announced that 10 deserving SMEs may compete to share a total of $66,767 USD worth of prize money based on innovative ideas.
Posted On May 4, 2020
, By Loren Moss
2

Expats, Visitors Stuck Inside (or outside) Colombia? Here Is What You Should Do Now

Foreign visitors, immigrants and expats in Colombia or considering arrival should take steps now to ensure smooth travel with no visa or immigration issues. Here are some steps to take.
Posted On May 4, 2020
, By Loren Moss
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