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The COVID-19 Pandemic isn't holding Ed Delgado down, as he seeks to resurrect the Ecuatoreana aviation brand as a domestic regional carrier connecting Quito and Guayaquíl with The Galapagos Islands and other important destinations within Ecuador for citizens and tourists alike....

Avianca indicated that the restrictions were necessitated by “the constant restrictions in different countries in terms of limitation of the entry of tourists, operational reductions, as well as mobility within cities, and the high uncertainty that passengers still have."

Finance Colombia reached out to multiple contacts within Avianca for comments or clarification but received no response. Torre El Dorado indicates that likewise, it has received only silence from the Bogotá based airline.

For the full year 2020, Copa Holdings reported a net loss of $598.6 million, or $14.08 per share. Excluding special items, the airline would have reported a net loss of $259.5 million, or $6.11 per share. Special items for the full year include a $191.2 million in total...

Passengers who credited miles to Lifemiles in the past also will find it nearly impossible to qualify for elite status while primarily flying Star Alliance partner airlines, as another new requirement is that to qualify for Lifemiles elite status, 80% of the qualifying miles must...

Avianca says it has raised $2 billion of DIP financing, including new loans and refinancing of existing notes, despite the blockage of a $370 million USD bailout loan from the Colombian government.

Despite laying off thousands of employees, filing for bankruptcy, and asking the Colombian government for a $370 million USD bailout, FInance Colombia has learned that Avianca has paid bonuses of over $10 million USD to seven top Avianca executives. CEO Anko Van der Werff & CFO...

US DEA Special Agent José Ismael Irizarry and his wife Nathalia Gomez Irizarry pled guilty to all charges in a mammoth scheme to steal government funds, drug proceeds and launder money. The Irizarrys apparently are related to the notorious Ambuila crime family of Cali, Colombia.

A 3 judge panel in Colombia's Cundinamarca district court issued an emergency injunction against the $370 million USD loan by the administration of Colombian President Ivan Duque to bankrupt Avianca Airlines, where his sister is a top executive. The lawsuit was filed by a...

Finance Colombia has learned that a feasibility study to determine the viability of a government bailout of Avianca Airlines, where Colombian President Ivan Duque’s sister Maria Paula Duque is a top executive, was contracted by the finance ministry only the day before Duque...