Finance Colombia » PressRelease – Edited & Rewritten From Contributed Information Submitted to Finance Colombia

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Grupo Valorem To Open Four Seasons Hotel In Cartagena’s Getsemaní Neighborhood

Luxury hotel brand Four Seasons Hotels and Resorts Grupo Valorem subsidiary San Francisco Investments, have announced plans to open a luxury hotel and private residences in Cartagena, Colombia’s dominant Caribbean tourism destination. Located in Getsemaní, a neighborhood adjacent...

Posted On June 15, 2019

, By Loren Moss

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Moody’s Rates Bogotá & Medellín At Baa2 With Stable Outlook

Moody’s Investors Service has affirmed the Baa2 issuer (local currency) and debt ratings (foreign currency) of Bogota, and also the Baa2 issuer ratings (foreign and local currency) of the City of Medellin; Colombia’s two largest cities, however the outlook for both cities...

Posted On June 15, 2019

, By Loren Moss

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Copa Sees Airline Passenger Decline, Avianca Sees Increase During May

For the month of May, 2019, Copa Holdings, parent company of Copa Airlines (NYSE: CPA), announced that system-wide passenger traffic (RPMs) decreased 2.6% year over year, while capacity (ASMs or Available Seat Miles) decreased 4.6%. As a result, system load factor for the month...

Posted On June 15, 2019

, By Loren Moss

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Continental Gold Announces Up To 25.11 g/t Gold Equivalent Sampling Results at Buriticá

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has just announced high-grade channel sampling assay results from eight development drifts being prepared as part of the underground construction at its fully owned Buriticá project in Antioquia, Colombia. Development of the Buriticá...

Posted On June 15, 2019

, By Loren Moss

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Holbertson School Adds Medellín Campus, Offering Innovative Funding Model For Software Programming Students

The Holberton School, a college alternative for training software engineers, last week announced that it has opened a campus in Medellín, it’s second Colombia campus after opening one in the capital of Bogotá. Holberton provides what it calls “Silicon-Valley grade” peer-learning...

Posted On June 15, 2019

, By Loren Moss

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OAG: Viva Air #1 In On-Time Performance As Of May 2019

The Official Aviation Guide of The Airways’ (OAG) ‘On-Time Performance Airlines’ report has recognized Viva Air as the most punctual airline in Colombia and the third in Latin America and the Caribbean with 92% punctuality, as of May 2019. This statistic was derived...

Posted On June 15, 2019

, By Loren Moss

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Despite New Board, Management Changes, Fitch Downgrades Avianca Holdings To B- & Negative Ratings Watch

Fitch Ratings has downgraded Avianca Holding’s (NYSE: AVH) (BVC: PFAVH),Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to ‘B-‘ from ‘B’ and its USD $550 million senior unsecured notes to ‘CCC+’/’RR5’ from...

Posted On June 15, 2019

, By Loren Moss

oil drilling rig (Photo credit: ARMBRUSTERBIZ / Pixabay)

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Frontera Energy Elects Directors, Announces Dividend

Frontera Energy Corporation (TSX: FEC) on May 29 held its annual general and special meeting of shareholders where each of the seven nominees proposed as directors and listed in the Frontera’s management proxy circular dated April 18, 2019 were elected as directors. A total of...

Posted On June 14, 2019

, By Loren Moss

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CDPQ and IFC Acquire 50% of Colombia’s Alianza: Brokerage, Trust & Asset Management

Australis Partners, an independent private equity firm focused on Latin America, in association with Caisse de dépôt et placement du Québec (CDPQ), a Canadian institutional investor and the International Finance Corporation (IFC), a member of the World Bank Group, today finalized...

Posted On June 13, 2019

, By Loren Moss

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Interjet Launches New Route Between Medellín & Mexico City, Adding Options For North American Connectivity

Interjet Airlines is beginning service between Mexico and several South America destinations including Medellín, Colombia, Guayaquil, Ecuador and Lima, Peru. These new flights will serve both the business and leisure traveler expanding Interjet’s footprint into South Americ...

Posted On May 26, 2019

, By Loren Moss