Tag

The next step in the Chapter 11 process will be a hearing for the United States Bankruptcy Court to consider the approval of the disclosure statement, which is scheduled for September 14, 2021.

Before joining Avianca as CFO, Neuhauser was managing director covering Latin American airlines for Credit Suisse and worked as an investment banker for Deutsche Bank, Bank of America, and Merril Lynch.

Maria Paula Duque has left her position with Avianca Airlines where she was Senior Vice President of Strategic Relations & Director of Customer Experience, and joined FTI Consulting in Colombia as Managing Director. Duque is sister of Colombian President Ivan Duque.

In September 2020, Avianca and its subsidiaries transported a total of 164,859 air passengers including 5,342 passengers on repatriation flights, resulting in a monthly load factor of 66.7%.

Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) announced today in a 6K filing with the United States Securities & Exchange Commission (SEC) that the New York Stock Exchange (NYSE) has suspended trading in the Company’s American Depositary Shares, each representing eight...

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.

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.

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.

The Avianca board of directors has decided not to pay dividends to shareholders as they state there are no reserves or retained earnings available

Ratings firm Moody's Investors Service (Moody's) has upgraded LifeMiles Ltd.'s senior secured and corporate family ratings to B1 from B2. The outlook has been revised to stable from negative.