Tag

The pilots union said that "the Colombian state is on the side of the company that violates labor rights and not the rights of workers.”

Overall, the bank estimates this shortfall equates to an overall net income loss of $1.5 million USD per day.

Ticket sales have been reactivated but technical challenges have made searching for a flight complicated in the first day of encouragement that the strike could end soon.

Avianca hopes to stave off a strike in a morning meeting tomorrow with representatives of the pilots union ACDAC.

If enacted, a strike by ACDAC would ground some 700 pilots working for Avianca, the largest airline in Colombia.

Avianca's top executive called it a “difficult decision” to suspend flights for first time in 60 years while citing safety concerns and operational difficulties.

“There are people out there right now researching whether you can fly standing up,” said company CEO William Shaw.

The deal represents an update to Copa's existing order of Boeing 737 MAX 8 aircraft and will make Copa “the first airline in Latin America" to operate the 737 Max 10.

The winter route will fly weekly from Toronto to Cartagena between December 18 and April 9.

After Brazil (51% negative) and Colombia (20%), Fitch Ratings has assigned negative outlooks to 19% of corporates in Chile, 12% in Peru, 9% in Mexico, and 6% in Argentina.