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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....

The United States Federal Aviation Administration (FAA) has issued an emergency “Notice To Airmen” (NOTAM) that restricts US flights and pilots, except those working for foreign commercial air cariers, from flying over Venezuela, with the exception of high altitude...

In 2008, the Miami Rum Festival began as a small but elegant rum tasting event at Coral Gables’ historic Venetian Pool with 54 luxury rums and 150 rum enthusiasts in attendance. Eleven years later — after growing the event to be the biggest gathering of rum experts and...

Bogotá is Colombia’s vibrant capital of 9 million people. Seat of the country’s government, home to many of Colombia’s most important businesses, and the setting for eclectic restaurants, nightlife, and cultural attractions, the capital city still suffers from some of the world’s...

Viva Air CEO Félix Antelo announced last week the hiring of Catalina Rendón Jaramillo as Viva Air’s director of communications and corporate affairs for the low cost international airline. During the last 12 years Rendón led the communications efforts of Inexmoda, Colombia’s...

Medellín based low-cost airline Viva Air today in its Rionegro, Colombia headquarters outside of Medellín, finalized a $3.2 billion USD deal for the purchase and maintenance of LEAP-1A turbofan engines with jet engine provider CFM International. The engines are destined for the...

One of Italy’s oldest Tuscan vintners, the house of Frescobaldi, is now exporting several labels of its Italian wine to Colombia, via importer and distributor Pedro Domecq Colombia. Frasecobaldi, headed by family patriarch Lamberto Frescobaldi and his brother Vittorio, holds over...