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Avianca says it has raised $2 billion of DIP financing, including new loans and refinancing of existing notes, despite the blockage of a $370 million USD bailout loan from the Colombian government.

Colombia's Superintendent of Transportation is looking into complaints regarding the expiration date and use policy of some travel vouchers issued by Viva Air during the COVID-19 Pandemic. The airline says it is cooperating, and has already revised its redemption policy.

Travelers arriving to Colombia must present a negative result of a PCR test for Covid-19 taken no longer than 96 hours before the stipulated time of travel and whoever has symptoms associated with Covid-19 will not be allowed to get on board.

Coming off a record breaking second quarter, Barranquilla, Colombia based Tecnoglass (NASDAQ: TGLS) has declared a cash dividend of $0.0275 USD per share, or $0.11 per share on an annualized basis for the third quarter of 2020. The dividend will be paid to shareholders of record...

Just days after the Colombian government allowed the restart of commercial aviation in the country, low cost carrier Viva Air has returned to expansion mode with the announcement of a new route between the Colombian capital of Bogotá and the third largest city and Colombia’s...

A 3 judge panel in Colombia's Cundinamarca district court issued an emergency injunction against the $370 million USD loan by the administration of Colombian President Ivan Duque to bankrupt Avianca Airlines, where his sister is a top executive. The lawsuit was filed by a...

Finance Colombia has learned that a feasibility study to determine the viability of a government bailout of Avianca Airlines, where Colombian President Ivan Duque’s sister Maria Paula Duque is a top executive, was contracted by the finance ministry only the day before Duque...

Finance Colombia’s founder Loren Moss was able to connect with Viva Air’s Executive Chairman Declan Ryan to better understand the gap between what the Duque Administration has said, and what they are doing. Are investors being treated equitably?

Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...

Finance Colombia executive editor Loren Moss was able to speak with Tecnoglass CFO Santiago Giraldo to understand the company's extraordinary first half of 2020, how it is navigating the pandemic, and what investors can expect from the joint venture with Saint Gobain, and the...