Finance Colombia » Travel & Hospitality

Avianca Credit Rating Downgraded Into Deep Junk By Fitch

Fitch Ratings yesterday announced that it had downgraded Avianca Holdings’ Long-Term Foreign and Local Currency Issuer Default Rating (IDR) to ‘C from ‘CCC-‘. The ratings have been removed from Rating Watch Negative. This downgrade follows the announcement...

Posted On April 3, 2020

, By Loren Moss

US Embassy: Spirit Air To Fly 2 Humanitarian Flights From Colombia To US MONDAY, APRIL 6

The U.S. Embassy is pleased to announce that Spirit Airlines will operate two humanitarian flights on April 6, 2020.

Posted On April 3, 2020

, By Loren Moss

Avianca's new lounge has ample private cubicles with power connections in quiet areas of the complex.

Avianca Stops Servicing Debt Principal & Lease Payments, Announces No Dividends

Colombian airline Avianca over the weekend admitted that, as the Coronavirus continues to impact its operations, it has begun to defer payments on long term leases and on principal on some of its outstanding debt. Over 14,000 employees are currently on unpaid leave.

Posted On March 30, 2020

, By Loren Moss

Image by ElasticComputeFarm from Pixabay

Canadian Citizens In Colombia With Emergencies Are Asked To Contact The Canadian Embassy

Due to the current situation of #COVIDー19 virus, Flag of Canada citizens in need of immediate emergency assistance should contact our Embassy by email at [email protected] or Telephone 571+ 6579800.

Posted On March 29, 2020

, By Loren Moss

Colombia, Mexico Sign MOU, Agree To Cooperate In Promoting Tourism

The signing of the document enables the exchange of advice for development of travel infrastructure projects and tourism centers.

Posted On March 28, 2020

, By Loren Moss

Copa Airlines Announces Measures To Help Its Stranded Passengers During Coronavirus Pandemic

Copa Airlines announces measures to help stranded passengers due to the Coronavirus pandemic

Posted On March 25, 2020

, By Loren Moss

Avianca Downgraded To CCC By Standard & Poor, Credit Watch Negative

S&P Global Ratings has downgraded Avianca's credit rating from “B-” to “‘CCC” while placing the airline on CreditWatch negative.

Posted On March 24, 2020

, By Loren Moss

After Panamá Closes Its Borders, Copa Airlines Suspends Flight Operations

As the government of Panamá announced the closing of its airspace to international passenger arrivals beginning Sunday, until April 21, Panamanian regional carrier Copa Airlines (NYSE: CPA) announced that it has been forced to cancel all flights so will temporarily cease operations.

Posted On March 20, 2020

, By Loren Moss

Photo from the Twitter account @nicolasgarciab of the governor of Cundinamarca and former mayor of Mosquera Nicolás García Bustos

Colombian Woman Returning From US Facing Up To 8 Years Prison For Violating Quarantine To Drink Liquor & Eat Barbecue; American Husband To Be Deported

Earlier this week a Colombian woman and her American husband were arrested by Colombian authorities for violating quarantine orders after arriving from California, in the US. The couple were told to abide by a mandatory quarantine order that could be served in their hotel, but...

Posted On March 19, 2020

, By Loren Moss

One of Avianca new 787s at Medellin's Airport

Avianca To Halt International Operations, Reduce Domestic Operations By 84%

Avianca Airlines announced this afternoon that as of March 23, the carrier will completely suspend its international operations. The domestic operation will continue at 16% of capacity from Bogotá to certain destinations within Colombia.

Posted On March 19, 2020

, By Loren Moss