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//Travel & Hospitality
US President Barack Obana and Panama’s President Juan Carlos Varela look on as (seated, l to r) David Joyce, President of GE Aviation, Jim McNerney, CEO and Chairman of Boeing, Stanley Motta, Chairman of Copa Holdings, and Copa CEO Pedro Heilbron signed documents recognizing the agreement. The airplanes had previously been listed as unidentified on Boeing’s Orders and Deliveries website.
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Copa Airlines Announces Q1 2020 Profits Of $98.7 Million USD

For 1Q20, Copa Holdings reported net profit of US$74.3 million or earnings per share (EPS) of US$1.75, as compared to net profit of US$89.4 million or earnings per share of US$2.11 in 1Q19. Operating profit for 1Q20 came in at US$98.7 million, representing a 12.6% decrease from...
Posted On May 11, 2020
, By Loren Moss
4

AVIANCA IS BANKRUPT

Avianca has filed for bankruptcy protection in the US Southern District Court of New York. The airline was already struggling and facing multiple scandals before the arrival of the Coronavirus COVID-19 Pandemic
Posted On May 10, 2020
, By Loren Moss
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Viva Air Now Transporting Cargo For Humanitarian Deliveries In Passenger Cabin

Colombian airline Viva Air is now carrying humanitarian aid in empty passenger seats as well as cargo holds of its aircraft to supply food and school supplies to famine-stricken La Guajira
Posted On May 10, 2020
, By Loren Moss
Viva Air flight 8274 To Cali
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Viva Air Seeks Colombian Government Loan

Colombian airline Viva Air Group is seeking a bridge loan from the Colombian Government tu maintain liquidity during the Coronavirus COVID-19 Pandemic
Posted On May 5, 2020
, By Loren Moss
2

Expats, Visitors Stuck Inside (or outside) Colombia? Here Is What You Should Do Now

Foreign visitors, immigrants and expats in Colombia or considering arrival should take steps now to ensure smooth travel with no visa or immigration issues. Here are some steps to take.
Posted On May 4, 2020
, By Loren Moss
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Avianca Rebuked By Colombia’s President After Announcing Ticket Sales For Unauthorized Flights

Colombian air carrier Avianca was forced to rescind advertisements seeking to sell air fares for flights in May after receiving a stern rebuke from the Colombian President, who said that any flights would be illegal.
Posted On May 4, 2020
, By Loren Moss
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Spirit Air To Fly Humanitarian Flights From Colombia to US May 13-18

One flight departs May 13 from (MDE) Medellin. A 2nd flight departs May 16 from (BOG) Bogotá. A 3rd flight departs May 17 from (CTG) Cartagena. The 4th flight departs May 18 from (CLO) Cali
Posted On May 4, 2020
, By Loren Moss
2

Resistance Builds To Avianca’s Appeal For Colombian Governmental Bailout

Avianca has asked for a bailout by the Colombian government. Colombians are pointing out that the airline is majority foreign owned, and legally Panamanian, not Colombian.
Posted On April 30, 2020
, By Loren Moss
Photo courtesy of Copa Airlines
1

New Copa Notes To Pay 4.5%

Copa Airlines' new notes will be senior, unsecured obligations of Copa and will accrue interest at a rate of 4.50% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2020
Posted On April 28, 2020
, By Loren Moss
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Spirit Air To Fly Humanitarian Flights From Bogotá May 9 & Cartagena May 10

The U.S. Embassy has announced that Spirit Airlines will operate two humanitarian flights between Colombia and the US amidst the Coronavirus COVID-19 Pandemic. One flight will depart on May 9 from El Dorado International Airport (BOG) in Bogotá.  A second flight will depart on...
Posted On April 28, 2020
, By Loren Moss
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