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The investment, said to be $70 million USD of convertible credit, brings the airline into proximity with both bankrupt Colombian carrier Avianca and Mexican carrier Volaris.

The value of the shares would be reduced to 0 due to the decrease in equity attributable to the Debtors’ liabilities to third parties and creditors, as well as the injection of capital by new investors pursuant to the Chapter 11 plan.

The investment is seen as a vote of confidence as the aviation industry navigates the global COVID-19 pandemic. While larger airlines like Avianca and Latam fell into bankruptcy reorganization, Viva directly renegotiated over 200 contracts with suppliers and lessors in order to...

The “Ella Es Astronauta” program lasts eight months and starts with online classes before a capstone trip to NASA in the US, lasting five days with training and a graduation ceremony. Along with learning about science and aeronautics, the girls are taught leadership and...

So far, Wingo, which flies between 28 cities in 11 countries, has not publicized new routes from Panamá.

Here in Colombia the market has been crying out for new blood, we have seen multiple names such as Tablemac delist, others including Éxito who are no longer part of the MSCI COLCAP and recently Avianca which has been put on the naughty step due to Chapter 11.

From Colombia, Avianca launches 13 new direct routes from Cali to: New York, Cancun, Mexico City, San José and Quito; from Medellín to: Aruba, Mexico City, Orlando, San José, Quito and Guayaquil; from Bucaramanga to Miami, and Bogotá will launch a direct flight to Toronto, Canada.

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.

Viva has simultaneously trolled Spirit and offered discounted flights to stranded travelers with a 20% discount on Viva flights out of Florida through August 8 by using this promo-code:

The Cali route joins the Bogotá – Orlando route already operated by the airline, with more than 5 weekly frequencies & 6,000+ seats, from Bogotá to Orlando.