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.
Already entangled in multiple scandals involving illegal wiretapping of its pilots' union and improper favors to government officials, Colombian air carrier Avianca has now found itself involved in the massive multi-billion dollar global bribery scheme by Airbus uncovered by...
Airline analytics and data firm OAG (Official Airline Guide) has released its 2020 airline punctuality ratings, which rate Copa Airlines as the world’s second most punctual with 92.01% of flights arriving within 20 minutes of schedule. Only Garuda Indonesia surpassed this with a...
Last Thursday, January 23, Avianca flight AV693 flying from San José, Costa Rica to Bogotá, Colombia had to land in Panamá City’s Tocumen International Airport after experiencing severe turbulence that sent 3 crew and 1 passenger to the hospital, and left the plane damaged.
Avianca’s (NYSE: AVH; BVC: PFAVH) today announced the funding of previously announced convertible secured debt financing in a total amount of $125 million USD. This financing is incremental to the $250 million convertible secured stakeholder facility loan by United Airlines...