Tag

The Colombian government continues to arrange humanitarian flights to repatriate its citizens stranded abroad. To participate, Colombians must have previously registered with their respective Colombian Consulates to qualify for these flights, and must pay the ticket cost.

Colombia's government announced that Colombia’s airports will reopen to international flights beginning September 1. Domestic flights are expected to resume July 1, as the national curfew is slated to end June 30, though this has not been confirmed.

LATAM Airlines this morning filed for Chapter 11 Bankruptcy in the US, though Quatar Airways & 2 South American Families have pledged almost $1 billion USD in support to preserve the airline & uninterrupted operations.

Viva Air CEO Felix Antelo Tells Finance Colombia why the airline remains optimistic, and discusses its growth both domestically, and with new routes coming to the US, the Caribbean, & Ecuador.

Fedex has announced that 10 deserving SMEs may compete to share a total of $66,767 USD worth of prize money based on innovative ideas.

Proposals came from countries such as Colombia, Germany, the United States, Sweden, Canada, Mexico, South Africa, Chile, Brazil, Spain, Peru, Puerto Rico, Argentina, Venezuela, Ireland, Portugal, the United Kingdom, and China.

Finance Colombia arranged a meeting with key analysts with Standard & Poor to understand how this might play out for LATAM and Avianca, the two full service carriers that operate domestic routes in Colombia.

According to aviation publication Simple Flying, LATAM Airlines (NYSE:LTM, IPSA: LTM) has reduced its order for Airbus A350 XWB aircraft from 25 to 15.

In a new report, Fitch Ratings said that it expects a combined $202 million USD in debt due this year and owed by Avianca, Odebrecht and Digicel will not be repaid by the issuers.

President Ivan Duque announced Sunday that Colombia, starting today, March 16, is completely closed to foreign visitors in an effort to contain the global Coronavirus COVID-19 pandemic