Last Thursday, January 23, Avianca flight AV693 flying from San José, Costa Rica to Bogotá, Colombia had to land in Panamá City’s Tocumen International Airport after experiencing severe turbulence that sent 3 crew and 1 passenger to the hospital, and left the plane damaged.
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...