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S&P Global Ratings has downgraded Avianca's credit rating from “B-” to “‘CCC” while placing the airline on CreditWatch negative.

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.

A Colombian epidemiologist is under investigation by prosecutors for allegedly removing a surgical mask & coughing on an Avianca Airlines worker during the boarding process for a domestic flight. The incident was captured on video.

With travel restrictions in place due to the Coronavirus COVID-19 pandemic, Copa Airlines issued a filing indicating that the company will reduce capacity by 80% but may shut down completely.

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.

Colombia's currency and bellwether stocks Avianca & Ecopetrol all took a plunge this week s double whammies of coronavirus panic and petroleum trade wars between Saudi Arabia & Russia impact the global economy. How will things play out?

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

Avianca  (NYSE: AVH, BVC: PFAVH)  has announced that it is changing out the seats in its Airbus A320 fleet with cheaper, thinner versions that will allow the airline to squeeze 24 more passengers on a flight, even though its passenger traffic is down almost 10% and on-time...

Anko Van Der Werff, Avianca’s new CEO installed in 2019 seems to be busy remaking the airline after cutting premium benefits and treatment that passengers had been accustomed to, apparently to compete with Low Cost Carriers (LCCs) operating in Colombia such as Viva Air, Wingo,...

Today, the Office of the Attorney General of Colombia served Avianca with a search warrant of its offices with the objective of collecting information related to allegations and cover-up of Avianca’s potentially improper bribery by senior executives and members of the board of...