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...
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.
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.
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.
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...