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Complete with a ceremonial "baptism," Colombia's new discount airline Wingo completed its first official flight yesterday.

Fitch Ratings assigned the company an issuer default ratings of BB-. Moody's handed out its equivalent at Ba3 for the firm's corporate family rating.

Two companies in Carlos Slim's Grupo Carso have interest in taking over Odebrecht's role in the massive Magdalena River project.

The Barranquilla-based glass manufacturer is coming off a warrant exchange offer and the start of its quarterly dividend payment.

By 2021, Ruta N hopes that the companies that signed on will be investing at least 3% of their sales back into activities in science, technology, and innovation.

"We expect a substantial reduction of the warrant liability and an increase in shareholders' equity," said Tecnoglass CEO José M. Daes. in Colombia.

Warrant holders can exchange 2.5 outstanding warrants for one Tecnoglass ordinary share while the dividend will begin paying $0.125 per share in September.

Infrastructure upgrades are helping Colombia become more and more competitive as Colombia looks to diversity its exports, says Juan Camilo Vázquez of Maersk Line.

InselAir is changing the schedule and aircraft of its Barranquilla route, a move that the company says will cut travel time to 80 minutes.

Flight traffic is up almost across the board at Colombia's 10 largest airports compared to 2015, and there has been a huge spike among travelers heading to the Caribbean.