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...
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,...
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...
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,...
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...