Tag

Avianca Airlines announced this afternoon that as of March 23, the carrier will completely suspend its international operations. The domestic operation will continue at 16% of capacity from Bogotá to certain destinations within Colombia.

While Copa & Viva Airlines have not announced any fleet groundings so far, this week, Avianca & LATAM have announced significant cutbacks on routes, grounding between 30-40% of their fleets in the face of the Coronavirus COVID-19 Pandemic.

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...

The route to Santa Cruz is Avianca’s second connecting Colombia in Bolivia. The carrier also operates a daily flight between Bogotá and La Paz.

Travelers can already book reservations on the new route, which will offer 150 seats daily on an A320 aircraft.

SAI supports ground operations including aircraft dispatch, engine starting, counter check-in, and cabin cleaning.

The deal represents an update to Copa's existing order of Boeing 737 MAX 8 aircraft and will make Copa “the first airline in Latin America" to operate the 737 Max 10.

After Brazil (51% negative) and Colombia (20%), Fitch Ratings has assigned negative outlooks to 19% of corporates in Chile, 12% in Peru, 9% in Mexico, and 6% in Argentina.

The flight will depart José María Córdova each day at 12:18 pm and arrive in Montería at 1:18 pm. The return leg will leave Los Garzones Airport at 2:00 pm and land at 3:00 pm.

Though adding a strategic partner could be a positive development, Fitch Ratings views Avianca's liquidity as low.