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In December 2019, Avianca and its subsidiaries (NYSE: AVH) (BVC: PFAVH) transported 2,546,232 passengers, a 6% decrease compared to December 2018.

Avianca has announced this morning in a filing with the US Securities & Exchange Commission (SEC) that it has closed on a $250 Million senior secured convertible loan agreement offered by US based United Airlines, and Kingsland International Group, controlled by Roberto...

This morning in a New York court, a judge issued summary judgement affirming Kingsland Holding’s control of Avianca, after industrialist Germán Efromovich defaulted on loan payments to United Airlines collateralized by Efromovich’s stake in Avianca Holdings (NYSE:...

Global accounting and audit firm KPMG has completed a review of Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH)  financial statements and notes as of June 30, 2019. A statement and letter to shareholders was prepared, and the letter was entered into the public record via a 6-K...

Stormy skies are not clearing anytime soon for Avianca, it seems. Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) announced in a new filing with the US Securities and Exchange Commission (SEC) that it may have violated the US Foreign Corrupt Practices Act, or FCPA.  Apparently, the...

Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) stock plunged to an all-time low last week after new chairman and major stockholder Roberto Kriete called the company “Bankrupt” during an internal employee meeting. An internal video was leaked showing Kriete’s comments, which...

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...

Avianca Holdings S.A. (NYSE: AVH; BVC: PFAVH; “Avianca”) and Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) yesterday announced that, in accordance with Avianca’s fleet plan and the continued implementation of the “Avianca 2021” transformation plan, Avianca...

For the month of May, 2019, Copa Holdings, parent company of Copa Airlines (NYSE: CPA), announced that system-wide passenger traffic (RPMs) decreased 2.6% year over year, while capacity (ASMs or Available Seat Miles) decreased 4.6%.  As a result, system load factor for the month...

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...