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Travelers Beware: Avianca Dishonoring Its Frequent Flyer Commitments
You cannot come in here. As of January 1, Lifemiles Silver members no longer have access to this lounge. How would you like to pay?
Posted On January 25, 2020
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//Travel & Hospitality
Hilton Opens New Doubletree In Bogotá Near Airport, Convention Centers
Hilton Hotels has opened a Doubletree hotel with convention facilities near Bogotá's El Dorado International AIrport
Posted On January 20, 2020
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Avianca Takes $125 Million In Additional Debt From Citadel, Latin American Investors
Avianca’s (NYSE: AVH; BVC: PFAVH) today announced the funding of previously announced convertible secured debt financing in a total amount of $125 million USD. This financing is incremental to the $250 million convertible secured stakeholder facility loan by United Airlines...
Posted On January 13, 2020
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Spirit Airlines Adds Flights Connecting Bucaramanga & Barranquilla To The US
Spirit Airlines (NYSE:SAVE) has announced the addition of two new destinations to its network in 2020, with service to Bucaramanga (BGA) and Barranquilla (BAQ) Colombia starting in April, subject to regulatory approval. Spirit flew its first flight to Colombia in May 2008,...
Posted On January 13, 2020
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Avianca Renegotiates Aircraft Commitments With Airbus, Boeing
Avianca has renegotiated its aircraft commitment and reduced upcoming deliveries with Airbus & Boeing
Posted On January 13, 2020
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Standard & Poor’s Upgrades Avianca Holdings To ‘B-‘ From ‘SD’ & LifeMiles To ‘B+’ From ‘B-‘ On Debt Restructuring Completion
S&P Global Ratings last week raised its issuer credit rating to ‘B-‘ from ‘SD’ and its issue-level rating on the 9% senior secured notes due 2023 to ‘B-‘ from ‘CCC-‘ and the 8.375% senior unsecured notes due 2020 to...
Posted On December 28, 2019
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Colombian Hotel Occupancy Sets Record For January – September 2019
Statistics announced by Colombia’s DANE statistics agency indicate that for the first 3 quarters of 2019, hotel occupancy reached a rate of 56.7%, and hotel revenues rose 11.7% over the same period the previous year, and the highest in the past 14 years. José Manuel Restrepo,...
Posted On December 2, 2019
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Avianca Closes On $250 Million Convertible Loan From United Airlines & Kingsland International Group
Avianca has announced this morning in a filing with the US Securities & Exchange Commission (SEC) that it has closed on a $250 Million senior secured convertible loan agreement offered by US based United Airlines, and Kingsland International Group, controlled by Roberto...
Posted On November 18, 2019
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Fitch Rates Avianca’s Proposed Debt Swap At C/RR4
Fitch Ratings has assigned a ‘C’/’RR4’ rating to Avianca Holdings S.A.’s (NYSE: AVH; BVC: PFAVH) $550 million USD senior secured notes due 2020. These notes are being received in exchange for $550 million of senior unsecured notes due 2020. The new...
Posted On November 4, 2019
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Municipality of La Macarena, Meta Certified For Sustainable Tourism
The Colombian town of La Macarena, Meta and surrounding areas has been certified as a “sustainable tourism destination” by ACERT S.A. and recognized by Colombia’s deputy minister of tourism, Julián Guerrero Orozco. The sustainability designation includes Colombia’s famous Caño...
Posted On October 15, 2019
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