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1

LATAM Cancels 10 Airbus Orders, Officials Not Optimistic

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.
Posted On April 13, 2020
, By Loren Moss
ecopetrol colombia fitch ratings bogota juan carlos echeverry
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Fitch Downgrades Ecopetrol, Ocensa, Candelaria; Sura, Emgesa, UNE EPM, Isagen, GEB, TGI Stay Strong

The rating downgrades of Ecopetrol, OCENSA and A.I. Candelaria reflect the direct and indirect linkage of these companies to the Sovereign Rating downgrade of Colombia, which Fitch downgraded to 'BBB-' from 'BBB'. The ratings for Emgesa, Isagen and UNE EPM Telecomunicaciones have...
Posted On April 8, 2020
, By Loren Moss
colombia ratings fitch ratings outlook stable negative sovereign rating bogota medellin
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Fitch Ratings Predicts Avianca, Digicel & Odebrect Will Be Unable To Repay Debt Due This Year

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.
Posted On March 31, 2020
, By Loren Moss
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Singularity Summit: Deloitte’s Duleesha Kulasooriya Examines Colombia’s Orange Economy Initiative

Finance Colombia's Loren Moss talks with Duleesha Kulasooriya, executive director of Deloitte's Center For The Edge on how disruptive transformation can benefit developing economies...but the right strategy is the key to success.
Posted On March 28, 2020
, By Loren Moss
Photo courtesy of Copa Airlines
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Copa Airlines Contemplates Total Temporary Shutdown of Operations

With travel restrictions in place due to the Coronavirus COVID-19 pandemic, Copa Airlines issued a filing indicating that the company will reduce capacity by 80% but may shut down completely.
Posted On March 17, 2020
, By Loren Moss
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 On March 15, 2020
, By Loren Moss
Left to right: Dr. Gina Tambini, representative of the Panamerican Health Organization; Dr. Marta Ospina, director of Colombia's National Institute of Health, President Ivan Duque, and new Minister of Health, Dr. Fernando Ruíz Gomez. Photo credit Nicolás Galeano, Presidencia de La República.
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Colombian Coronavirus Cases Triple Overnight, Now In 3 Cities. New Victims Returned From Spain

After the first case of coronavirus COVID-19 was diagnosed on Colombian territory in a student who had returned to Bogotá from Milan, Italy, two more cases have been diagnosed in passengers returning from Spain. The additional cases were diagnosed in Medellín and Buga, a small...
Posted On March 9, 2020
, By Loren Moss
Out of 105,828 global cases of Coronavirus, there is only 1 confirmed case in Colombia as of publication. (Infographic courtesy of Colombian Ministry of Health)
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Coronavirus Case Now Confirmed In Colombia, Victim Returned From Milan, Italy

The first coronavirus infection has been confirmed in Colombia after a 19 year old female student tested positive after returning to Bogotá from Milan, Italy. Containment protocols have been activated.
Posted On March 8, 2020
, By Loren Moss
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Coronavirus A Threat To Colombia, Latam Economies, Even Without Infections Says Fitch

Sovereign and corporate issuers in Latin America will be adversely affected by slower Chinese demand and commodity price weakness caused by coronavirus due to high commodity export dependence and direct trade exposure to China, says Fitch Ratings.
Posted On February 27, 2020
, By Loren Moss
1

Interview: CEO Felix Antelo On How Viva Air Returned To Cali, Is Welcoming First Time Flyers & Growth in Colombia’s Aviation Market

Viva Colombia's Felix Antelo tells Finance Colombia readers why the airline left Cali and how it returned, recent changes in the airline, and the ways the airline is welcoming first-time flyers and foreign tourists and family visitors.
Posted On February 11, 2020
, By Loren Moss
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