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Liquidation Begins Of Avianca Peru

Avianca has begun dissolving its Peru subsidiary and will no longer fly domestic flights in the country. In the future, Avianca says it will continue to serve routes to and from Peru through its airline subsidiaries in Colombia, El Salvador and Ecuador, once the restrictions...
Posted OnMay 24, 2020
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Avianca flights delayed and canceled at MDE
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NYSE to Suspend Trading In & Delist Avianca Shares

Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) announced today in a 6K filing with the United States Securities & Exchange Commission (SEC) that the New York Stock Exchange (NYSE) has suspended trading in the Company’s American Depositary Shares, each representing eight...
Posted OnMay 12, 2020
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AVIANCA IS BANKRUPT

Avianca has filed for bankruptcy protection in the US Southern District Court of New York. The airline was already struggling and facing multiple scandals before the arrival of the Coronavirus COVID-19 Pandemic
Posted OnMay 10, 2020
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Photo courtesy of Copa Airlines
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New Copa Notes To Pay 4.5%

Copa Airlines' new notes will be senior, unsecured obligations of Copa and will accrue interest at a rate of 4.50% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2020
Posted OnApril 28, 2020
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copa airlines
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Copa Airlines Raising $350 Million USD War Chest Via Private Notes Offering

Copa is raising $350 million USD due 2025, presumably to prepare itself for the Coronavirus-related economic downturn.
Posted OnApril 27, 2020
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Avianca Pilots In Peru Denounce The Airline For Reneging On Early Retirement Agreement

Not long after a bitter strike, Avianca is facing renewed labor unrest, this time from Airbus pilots in Peru who claim that Avianca is using the Coronavirus Pandemic to escape from a negotiated early retirement buyout with pilots in the neighboring country.
Posted OnApril 13, 2020
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Avianca's new lounge has ample private cubicles with power connections in quiet areas of the complex.
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Avianca Stops Servicing Debt Principal & Lease Payments, Announces No Dividends

Colombian airline Avianca over the weekend admitted that, as the Coronavirus continues to impact its operations, it has begun to defer payments on long term leases and on principal on some of its outstanding debt. Over 14,000 employees are currently on unpaid leave.
Posted OnMarch 30, 2020
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Avianca Downgraded To CCC By Standard & Poor, Credit Watch Negative

S&P Global Ratings has downgraded Avianca's credit rating from “B-” to “‘CCC” while placing the airline on CreditWatch negative.
Posted OnMarch 24, 2020
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One of Avianca new 787s at Medellin's Airport
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Avianca To Halt International Operations, Reduce Domestic Operations By 84%

Avianca Airlines announced this afternoon that as of March 23, the carrier will completely suspend its international operations. The domestic operation will continue at 16% of capacity from Bogotá to certain destinations within Colombia.
Posted OnMarch 19, 2020
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While Copa & Viva Airlines have not announced any fleet groundings so far, this week, Avianca & LATAM have announced significant cutbacks on routes, grounding between 30-40% of their fleets in the face of the Coronavirus COVID-19 Pandemic.
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Avianca, LATAM Partially Ground Fleets As Pandemic Spreads, Travel Restrictions Take Effect

While Copa & Viva Airlines have not announced any fleet groundings so far, this week, Avianca & LATAM have announced significant cutbacks on routes, grounding between 30-40% of their fleets in the face of the Coronavirus COVID-19 Pandemic.
Posted OnMarch 15, 2020
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