Finance Colombia » Aerovías del Continente Americano

Extreme Turbulence: Avianca Caught Up In Mammoth Airbus Bribery Scandal

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...

Posted On February 3, 2020

, By Loren Moss

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Avianca Confirms Anko Van Der Werff Appointed As New CEO

Avianca has confirmed in a filing with the US Securities and Exchange Commission The Appointment of Anko Van Der Werff as its new CEO effective July 15

Posted On June 18, 2019

, By Loren Moss

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Despite New Board, Management Changes, Fitch Downgrades Avianca Holdings To B- & Negative Ratings Watch

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...

Posted On June 15, 2019

, By Loren Moss

Avianca Chairman Germán Efromovich (left) and new President Hernán Rincón Kingsland Holdings Roberto Kriete

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Hernán Rincón Named New President of Avianca

German Efromovich, President of the Board of Directors for Avianca Holdings S.A. and the Board of Directors for Aerovías del Continente Americano S.A. Avianca, has introduced Hernan Rincón Lema as the new Executive President of the holding company that groups several airlines and...

Posted On April 25, 2016

, By Loren Moss