Finance Colombia » covid-19

copa airlines avianca colombia venezuela

With Government Loan In Doubt, Avianca Secures Additional DIP Financing

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.

Posted On September 22, 2020

, By Loren Moss

Deliflor, Other Breeders Take Colombia’s Chrysanthemum Industry Events Online For 2020

Deliflor held its 2020 open house in conjunction with Colombia Chrysanthemum week, taken online this year due to the Pandemic travel restrictions. Still, Colombia Chrysanthemum Week 2020 online had lots to offer buyers, importers, breeders, and every link in the floriculture...

Posted On September 19, 2020

, By Loren Moss

Superintendent of Transportation, Camilo Pabón Almanza.

Colombia’s Transportation Ministry Investigates Viva Air Voucher Policy

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.

Posted On September 18, 2020

, By Loren Moss

Colombian Government Announces Biosafety Protocols For Arriving International Travelers

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.

Posted On September 18, 2020

, By Loren Moss

Tecnoglass Declares Cash Dividend For Q3 2020

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...

Posted On September 15, 2020

, By Loren Moss

Despite Pandemic, Viva Air Expands With New Bogotá – Cali Route

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...

Posted On September 15, 2020

, By Loren Moss

Court Blocks Colombia’s $370 Million USD Emergency Loan To Bankrupt Avianca Airlines

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...

Posted On September 12, 2020

, By Loren Moss

Viva Air Restarts International Flights September 19 With Miami-Cartagena Route

Viva Air is the 1st Colombian carrier to announce international flights after airspace reopens. Colombia-Miami flights start September 19. Viva is waiting on Peruvian authorization to begin flights there as well.

Posted On September 10, 2020

, By Loren Moss

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Colombia suffered deadly riots as citizens took to the street to protest police brutality. In the latest incident, a law student was beaten & tasered to death in front of his apartment as friends and family looked on in horror. The attack was apparently unprovoked. Artwork...

Posted On September 10, 2020

, By Loren Moss

Colombian Government Study To Explore $370 Million USD Loan To Bankrupt Avianca Contracted Just 1 Day Before Loan Approved; To Be Paid By Avianca

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...

Posted On September 9, 2020

, By Loren Moss