Category

For the month of May, 2019, Copa Holdings, parent company of Copa Airlines (NYSE: CPA), announced that system-wide passenger traffic (RPMs) decreased 2.6% year over year, while capacity (ASMs or Available Seat Miles) decreased 4.6%.  As a result, system load factor for the month...

The Official Aviation Guide of The Airways’ (OAG) ‘On-Time Performance Airlines’ report has recognized Viva Air as the most punctual airline in Colombia and the third in Latin America and the Caribbean with 92% punctuality, as of May 2019. This statistic was derived...

Fitch Ratings has downgraded  Avianca Holding’s  (NYSE: AVH) (BVC: PFAVH),Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to ‘B-‘ from ‘B’ and its USD $550 million senior unsecured notes to ‘CCC+’/’RR5’ from...

Avianca Holdings S.A.,  (NYSE: AVH) (BVC: PFAVH), through its subsidiaries Grupo Taca Holdings Limited and Nicaraguense de Aviacion S.A., closed the sale of its shares in Turboprop Leasing Company Ltd., parent company of the Costa Rican airline Servicios Aéreos Nacionales S.A...

Last week United Airlines (NASDAQ: UAL) moved to remove longtime chairman and controlling shareholder Germán Efromovich from Avianca’s  (NYSE: AVH) (BVC: PFAVH), board of directors. Adding insult to injury, United installed Roberto Kriete as the board’s new chairman. All this...

Interjet Airlines is beginning service between Mexico and several South America destinations including Medellín, Colombia, Guayaquil, Ecuador and Lima, Peru. These new flights will serve both the business and leisure traveler expanding Interjet’s footprint into South Americ...

José Manuel Restrepo, Colombia’s Minister of Commerce, Industry and Tourism has announced a hotel occupancy rate for March of this year of 58.44% reached by hotel occupancy in March, according to figures released by DANE, Colombia’s national statistics agency. For Restrepo, this...

The Viva Air Group and Cartesian Capital Group have announced Cartesian’s capital investment of $50 million to contribute to the growth and internationalization of the airline in Colombia, Peru and more destinations. “The fact that a private global capital firm such as...

According to Standard & Poor’s, Avianca Holding’s plans to refinance its $550 million (USD) senior unsecured notes has taken longer than expected, given several reasons. These include delays to clear certain contractual proceedings with Avianca’s shareholders...

Tecnoglass, Inc. (NASDAQ: TGLS) Colombia’s leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, Thursday reported financial results for the first quarter ended March 31, 2019....