Finance Colombia » 2020 » August

Spirit Air To Fly Humanitarian Flights From Colombia To US In August

The U.S. Embassy has announced that Spirit Airlines will operate three humanitarian flights at the end of August from Colombia to the United States for US citizens and permanent residents that wish to return to the US during this period of closed airspace due to the Coronavirus...

Posted On August 18, 2020

, By Loren Moss

Avianca Seeking $1.2 Billion USD Debtor In Possession Financing During Bankruptcy

Bankrupt airline Avianca has revealed that it is working on debtor in possession financing with several investment banks including Seabury Securities, Goldman Sachs, and JPMorgan Chase; subject to approval by US Bankruptcy Court and creditors. The deal would potentially open a...

Posted On August 18, 2020

, By Loren Moss

Financial Entities Suspend “Commercial Relations” With EPM Citing Governance, Credit Concerns

EPM has received notification from local and international financial entities of the suspension of commercial relations, resulting in the reduction of quotas and credit limits in operations such as loans, exchange risk hedges and bank guarantees, after the board of directors quit...

Posted On August 18, 2020

, By Loren Moss

Colombia, USA Announce Bilateral Investment & Rural Development Pact

US DFC CEO Adam Boehler and US National Security Advisor Robert C. O’Brien joined Colombian President Iván Duque to announce the launch of the US-Colombia Growth Initiative to strengthen US-Colombia bilateral cooperation while leveraging US government resources to create economic...

Posted On August 18, 2020

, By Loren Moss

Ventilator bellows as designed by Medellín's Innspiramed initiative. Photo courtesy: Ruta N

In A Rebuke To Mayor Daniel Quintero, Beverage Giant Postobón Withdraws From COVID-19 Pact With Medellín

Colombian soft drink producer Postobón has announced it is pulling out of the Innspiramed mechanical ventilator project due to concerns over governance and political intrigue following the resignation of the initiative’s manager Gabriel Sanchez, and Ruta-N’s entire board of...

Posted On August 18, 2020

, By Loren Moss

Potential Board Appointees Turning Their Back On Medellín Mayor Daniel Quintero

Preciado took to Twitter to publicly reject the offer. Curiously these public rebukes took place after Quintero announced the appointments, leaving the question of whether he spoke to these individuals beforehand.

Posted On August 18, 2020

, By Loren Moss

Medellín's Féria de las Flores. Photo credit: Loren Moss

Guest Editorial: Another 8/11 To Remember

The decisions of Mayor Quintero and his CEO at EPM without having his Board of Directors present on one side; and on the other with a similar behavior in Route N put asunder respect for the institutions and good governance of both entities; valuable heritage of our community.

Posted On August 18, 2020

, By Sergio Escobar