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//Avianca Holdings S.A.
colombia ratings fitch ratings outlook stable negative sovereign rating bogota medellin
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Fitch Ratings Predicts Avianca, Digicel & Odebrect Will Be Unable To Repay Debt Due This Year

In a new report, Fitch Ratings said that it expects a combined $202 million USD in debt due this year and owed by Avianca, Odebrecht and Digicel will not be repaid by the issuers.
Posted On March 31, 2020
, By Loren Moss
AV MRO (Photo credit: Avianca)
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Avianca Transported more than 30.5 Million Passengers in 2018

The total was up 3.5% from 2017, while Avianca's RPK (revenue passenger kilometers) jumped by 8.7% year over year.
Posted On January 23, 2019
, By Jared Wade
Photo: An Avianca 787 on the tarmac at José María Córdova International Airport near Medellín in Colombia. (Credit: Avianca)
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Avianca Acquires 90% Stake in Servicios Aeroportuarios Integrados

SAI supports ground operations including aircraft dispatch, engine starting, counter check-in, and cabin cleaning.
Posted On November 7, 2017
, By Jared Wade
Avianca Airbus A320 plus Colombia (Credit: Avianca)
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Avianca to Add Five Domestic Flights Within Colombia Starting August 17

Cali will get direct flights to Santa Marta, Bucaramanga, and San Andrés, while Cartagena and Medellín also get new routes to San Andrés.
Posted On May 23, 2017
, By Jared Wade
aviana bogota montevideo uruguay
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Avianca Completes First Flight on New Route Between Bogotá and Montevideo

Bogotá-based airline Avianca completed the first flight on its new daily route between the Colombian capital and Montevideo today.
Posted On May 16, 2017
, By Jared Wade
An Avianca Airbus A320 Jet
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New York Judge Rules in Favor of Avianca in Discovery Request Filed by Minority Shareholder

Avianca head Hernán Rincón says the airline "will continue negotiations with United" to reach an alliance that he believes is in the best interest of the company and shareholders.
Posted On May 9, 2017
, By Jared Wade
Avianca Chairman Germán Efromovich (left) and new President Hernán Rincón Kingsland Holdings Roberto Kriete
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Avianca Files Countersuit Against Minority Shareholder in Heated Legal Fight over Potential Partnership with United Airlines

Avianca's filing calls Roberto Kriete of Kingsland a “disloyal director who has worked actively to undermine the company’s strategic goals.”
Posted On April 2, 2017
, By Jared Wade
pilot avianca colombia ODEAA labor deal strike negotiations
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Avianca Signs New Labor Deal with Pilots’ Union that Raises Salaries and Ends Threat of Disruption to Operations

The labor deal between Avianca and the ODEAA "includes a substantial increase in the gross income of pilots and co-pilots," according to the airline.
Posted On March 31, 2017
, By Jared Wade
Avianca Holdings Boing 787 in Rionegro Fitch Ratings liquidity
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Fitch Ratings Affirms B Rating for Avianca Holdings but Maintains Negative Outlook

Though adding a strategic partner could be a positive development, Fitch Ratings views Avianca's liquidity as low.
Posted On March 22, 2017
, By Jared Wade




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