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Month

//August 2021
1

Spirit Airlines Operations Collapse, Thousands Left Stranded, Hundreds of Flights Cancelled, Employees Flee Airport, According To Passengers

Just days after reporting a $287.9 million USD quarterly loss, Spirit Airlines gate and ticketing staff are overwhelmed and unable to deal with the thousands of frustrated passengers, many of whom have been stranded in airports beyond 24 hours.
Posted On August 3, 2021
, By Loren Moss
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Viva Air Files For Major International Expansion, Seeks Permission For Flights To 6 New Cities In 4 New Countries

Viva Air CEO Felix Antelo, a native of Argentina himself, has stated publicly that the airline expects to connect North & South America “from Buenos Aires to New York” through its Medellín hub.
Posted On August 2, 2021
, By Loren Moss
The Cancún destination adds to Wingo’s route network to and from Cali, already connecting Panamá City, San Andrés, Cartagena, and Bogotá with 26 weekly flights from Colombia’s third largest city.
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Wingo Launches 2X Weekly Flights Between Cali, Colombia & Cancún, México

The Cancún destination adds to Wingo’s route network to and from Cali, already connecting Panamá City, San Andrés, Cartagena, and Bogotá with 26 weekly flights from Colombia’s third largest city.
Posted On August 2, 2021
, By Loren Moss
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New Book From The Editors Of Finance Colombia – Doing Business In The Bahamas: The Bahamas as a Nearshore Business, Operations & Investment Destination

The Bahamas deserves close consideration for specialty & high value BPO and nearshore service delivery site selection, as well as consideration by remote worker professionals, digital nomads, and lifestyle entrepreneurs. This new book provides valuable information.
Posted On August 2, 2021
, By Loren Moss
La Haus' leadership team. Left to right, Rodrigo Sanchez-Rios, president; Jeronimo Uribe, CEO; Thomas Floracks, CPO; Santiago Garcia, CTO
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Uribe-Connected La Haus Raises Additional $50 Million USD, Jeff Bezos, Gabriel Gilinski, Maluma Among Investors

La Haus was founded by Jerónimo Uribe, CEO; Rodrigo Sánchez-Ríos, president; Tomás Uribe, Chief Growth Officer; and Santiago Garcia, CTO. The Uribe brothers are sons of Colombia’s former President and current Senator Alvaro Uribe.
Posted On August 2, 2021
, By Loren Moss
Alphacredit is a brand of Alpha Holdings
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AlphaCredit Parent Files For Bankruptcy

Last April, the company announced that it would restate its financials for 2018 and 2019 to correct an error in Alpha Holding’s derivative positions. Soon the company had to announce that it found additional accounting errors that would lead to material restatement of other...
Posted On August 2, 2021
, By Loren Moss
Cocaine laboratory in Tolima dismantled, courtesy Colombian Air Force
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Insight Crime: Colombia Producing Record High Quantities Of Cocaine

The amount of powdered cocaine extracted from a single hectare of coca increased by more than one kilogram in just a year. Potential cocaine output jumped from 6.7 kilograms per hectare in 2019 to 7.9 kilograms in 2020, according to the UNODC report. Three factors are possibly...
Posted On August 1, 2021
, By Insight Crime
The Cali route joins the Bogotá – Orlando route already operated by the airline, with more than 5 weekly frequencies & 6,000+ seats, from Bogotá to Orlando.
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Avianca Launches 3X Weekly Cali – Orlando Route

The Cali route joins the Bogotá – Orlando route already operated by the airline, with more than 5 weekly frequencies & 6,000+ seats, from Bogotá to Orlando.
Posted On August 1, 2021
, By Loren Moss
https://www.financecolombia.com/storage/2021/08/los_combita.jpg
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Colombian Police Take Down Webcam Pornography Extortion Ring

They took advantage of both men and women seeking employment as sexual webcam models to demand a “casting” audition from candidates where they had to send photos and videos of a sexual nature to later extort them through text messages and intimidating calls, demanding sums...
Posted On August 1, 2021
, By Loren Moss
Sprößer was detained then deported by Colombian Migration (photo: Migración Colombia)
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Colombian Government Expels German Tourist Taking Part In Deadly Protests, Bans Entry For 10 Years

Sprößer, whose visa would have expired after 90 days, said she would not be returning to Germany, but planned to give classes on politics and economics to protesters. “I have never felt very German, I have always liked Latin America,” she told El Tiempo. Sprößer is now banned...
Posted On August 1, 2021
, By Loren Moss
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