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Colombian airline Avianca over the weekend admitted that, as the Coronavirus continues to impact its operations, it has begun to defer payments on long term leases and  on principal on some of its outstanding debt. Over 14,000 employees are currently on unpaid leave.

Already entangled in multiple scandals involving illegal wiretapping of its pilots' union and improper favors to government officials, Colombian air carrier Avianca has now found itself involved in the massive multi-billion dollar global bribery scheme by Airbus uncovered by...

Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) this morning announced in a 6-K filing with the United States Securities and Exchange Commission, in connection with its previously announced re-profiling plan for its capital structure, the commencement of an offer, outside of...

Many business publications are reporting that Colombian airline Avianca’s board of directors has appointed Aeromexico’s Anko Van Der Werff as the airline’s new CEO. Van Der Werff has been serving for the past 5 years with Aeromexico, most recently as...