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//bankruptcy
(Photo credit: Avianca)
0

Government Trade Regulators Ask Transportation Ministry To Investigate Avianca Due To Avalanche Of Passenger Complaints

The Colombian superintendent in charge of regulating corporate behavior has said that even as a passenger, his rights have been violated by Avianca.
Posted On March 2, 2022
, By Loren Moss
Marta Lucia Ramirez, Vice President of Colombia
1

“Bla Bla Bla!” Avianca Denounced By Colombia’s Vice President, Celebrities For Turning Its Back On Passengers

Now, even coming out of bankruptcy and with an investment banker rather than an airline operations expert in charge, passengers are screaming.
Posted On January 11, 2022
, By Loren Moss
Photo courtesy US DEA
0

Cartagena-Based US DEA Agent Who Stole Over $9 Million USD In Drug Money Sentenced To 145 Months In Federal Prison

U.S. District Court Judge Charlene Honeywell expressed disgust with the DEA for its failings and said other agents corrupted by "the allure of easy money" also needed to be investigated.
Posted On December 15, 2021
, By Loren Moss
Sky Airlines
0

Avianca (Sort Of) Denies Merger Rumors With Sky Airlines

As reported by Finance Colombia and elsewhere, Avianca (OTCMKTS: AVHOQ, BVC: PFAVH) directors and creditors have recently taken a significant stake in troubled Chilean low-cost carrier Sky Airlines, while bankrupt Avianca seeks to emerge from Chapter 11 reorganization in the...
Posted On October 11, 2021
, By Loren Moss
0

Avianca Admits Current Shareholders Likely To Be Wiped Out

As a result of the foregoing, under the plan, the value of the outstanding shares of the company is expected to be reduced to zero.
Posted On September 21, 2021
, By Loren Moss
0

Avianca To End Business Class On Domestic Flights, Moves to Economy-Only Seating

Removing business class from short haul commuter flights is not a big deal by itself, but what is Avianca’s strategy? What does the airline want to be?
Posted On September 15, 2021
, By Loren Moss
Sky Airlines
1

Avianca Directors Making Moves On Sky Airlines Of Chile

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.
Posted On September 13, 2021
, By Loren Moss
1

Avianca Shares Plunge Towards Zero As Bankruptcy Exit Hearing Nears

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.
Posted On September 7, 2021
, By Loren Moss
Viva Air's Felix Antelo
0

Cartesian Capital Takes Minority Equity Stake In Viva

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...
Posted On September 6, 2021
, By Loren Moss
(Photo credit: Avianca)
0

Avianca Says It Plans To Launch 23 New International Routes

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.
Posted On August 14, 2021
, By Loren Moss
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RECENT

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COMMENTS

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Gustavo Petro Elected Colombia’s Next President

Posted On June 19, 2022

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