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With the 5 new routes, Viva expects to transport over a quarter million travelers during the first year of operations,.

Colombia's Viva & Mexico's Viva Aerobus are separate companies with similar names but different owners and independent management.

According to Ayenda’s website, the hotel franchisor currently operates in Colombia, Peru and México with almost 300 properties.

Viva uses its charitable arm, the Viva Foundation led by Monica Gil and Tatiana Vásquez to translate the airline’s operational acumen into direct action for social good.

As reported by Finance Colombia and elsewhere, Avianca (OTCMKTS: AVHOQ, BVC: PFAVH) directors and creditors have recently taken a significant stake in troubled Chilean low-cost carrier Sky Airlines, while bankrupt Avianca seeks to emerge from Chapter 11 reorganization in the...

"Medellin is partner in the ownership of 5 airports in Colombia: Rionegro, Olaya Herrera, Encarepa, Enquito, Corozal Sucre. When an airplane lands in any of those airports, Medellin earns some pesos."

Flying Boeing 737-800 NG aircraft seating 186 passengers, the airline will fly twice a week, on Wednesdays and Sundays.

As a result of the foregoing, under the plan, the value of the outstanding shares of the company is expected to be reduced to zero.

Removing business class from short haul commuter flights is not a big deal by itself, but what is Avianca’s strategy? What does the airline want to be?

The investment, said to be $70 million USD of convertible credit, brings the airline into proximity with both bankrupt Colombian carrier Avianca and Mexican carrier Volaris.