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Finance Colombia has reached out to Ultra Air multiple times for comment but has received no response.

Viva last night suspended aviation operations, saying that the low cost carrier has run out of resources and options while waiting on a decision by Colombian government regulators.

A Viva acquisition by a strong competitor like Latam could be disastrous for Avianca.

Arajet is one of the upstart low cost airlines disrupting the Colombian passenger aviation market, but their ambitions go far beyond South America.

With the opening of this route to the Colombian island tourist destination, Copa Airlines services 10 destinations in Colombia.

Flights between Santo Domingo & Medellín begin March 28, and start at $194 USD round trip

"Medellin is partner in the ownership of 5 airports in Colombia: Rionegro, Olaya Herrera, Encarepa, Enquito, Corozal Sucre. When an airplane lands in any of those airports, Medellin earns some pesos."

Flying Boeing 737-800 NG aircraft seating 186 passengers, the airline will fly twice a week, on Wednesdays and Sundays.

Removing business class from short haul commuter flights is not a big deal by itself, but what is Avianca’s strategy? What does the airline want to be?

The investment, said to be $70 million USD of convertible credit, brings the airline into proximity with both bankrupt Colombian carrier Avianca and Mexican carrier Volaris.