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//Travel & Hospitality
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Avianca December Passenger Traffic Down 6% From 2018

In December 2019, Avianca and its subsidiaries (NYSE: AVH) (BVC: PFAVH) transported 2,546,232 passengers, a 6% decrease compared to December 2018.
Posted On January 27, 2020
, By Loren Moss
Plus Ultra A340
2

Spanish Airline Plus Ultra Arrives In Colombia With Madrid-Cali-Cartagena Routes

Spanish Airline Plus Ultra Lineas Aéreas will begin operating a Madrid-Cali-Cartagena route beginning June 17th this year,
Posted On January 27, 2020
, By Loren Moss
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Travelers Beware: Avianca Dishonoring Its Frequent Flyer Commitments

You cannot come in here. As of January 1, Lifemiles Silver members no longer have access to this lounge. How would you like to pay?
Posted On January 25, 2020
, By Loren Moss
DoubleTree by Hilton Bogotá Salitre AR, a 199-room hotel in Bogotá’s Salitre area near the El Dorado International Airport.
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Hilton Opens New Doubletree In Bogotá Near Airport, Convention Centers

Hilton Hotels has opened a Doubletree hotel with convention facilities near Bogotá's El Dorado International AIrport
Posted On January 20, 2020
, By Loren Moss
(Photo credit: Avianca)
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Avianca Takes $125 Million In Additional Debt From Citadel, Latin American Investors

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...
Posted On January 13, 2020
, By Loren Moss
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Spirit Airlines Adds Flights Connecting Bucaramanga & Barranquilla To The US

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,...
Posted On January 13, 2020
, By Loren Moss
Avianca Boeing 787 Dreamliner at Medellín's Airport
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Avianca Renegotiates Aircraft Commitments With Airbus, Boeing

Avianca has renegotiated its aircraft commitment and reduced upcoming deliveries with Airbus & Boeing
Posted On January 13, 2020
, By Loren Moss
One of Avianca new 787s at Medellin's Airport
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Standard & Poor’s Upgrades Avianca Holdings To ‘B-‘ From ‘SD’ & LifeMiles To ‘B+’ From ‘B-‘ On Debt Restructuring Completion

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...
Posted On December 28, 2019
, By Loren Moss
Decameron Barú Resort, Colombia
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Colombian Hotel Occupancy Sets Record For January – September 2019

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,...
Posted On December 2, 2019
, By Loren Moss
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Avianca Closes On $250 Million Convertible Loan From United Airlines & Kingsland International Group

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...
Posted On November 18, 2019
, By Loren Moss
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