Finance Colombia » covid19

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 On May 24, 2020

, By Loren Moss

While The Global Aviation Industry Faces Crisis, Viva Air Remains In Growth Mode: Exclusive Interview With CEO Felix Antelo

Viva Air CEO Felix Antelo Tells Finance Colombia why the airline remains optimistic, and discusses its growth both domestically, and with new routes coming to the US, the Caribbean, & Ecuador.

Posted On May 17, 2020

, By Loren Moss

Invest Pacific Executive Director Alejandro Ossa Cardenas

Guest Editorial: Nearshoring, The Best Opportunity On The Other Side Of The Pacific

As companies shift their location strategy from Asia to the nearshore, Cali, Valle del Cauca and Southwest Colombia provide options to be considered, says Alejandro Ossa, executive director of Invest Pacific

Posted On May 12, 2020

, By Alejandro Ossa

US President Barack Obana and Panama’s President Juan Carlos Varela look on as (seated, l to r) David Joyce, President of GE Aviation, Jim McNerney, CEO and Chairman of Boeing, Stanley Motta, Chairman of Copa Holdings, and Copa CEO Pedro Heilbron signed documents recognizing the agreement. The airplanes had previously been listed as unidentified on Boeing’s Orders and Deliveries website.

Copa Airlines Announces Q1 2020 Profits Of $98.7 Million USD

For 1Q20, Copa Holdings reported net profit of US$74.3 million or earnings per share (EPS) of US$1.75, as compared to net profit of US$89.4 million or earnings per share of US$2.11 in 1Q19. Operating profit for 1Q20 came in at US$98.7 million, representing a 12.6% decrease from...

Posted On May 11, 2020

, By Loren Moss

Viva Air Now Transporting Cargo For Humanitarian Deliveries In Passenger Cabin

Colombian airline Viva Air is now carrying humanitarian aid in empty passenger seats as well as cargo holds of its aircraft to supply food and school supplies to famine-stricken La Guajira

Posted On May 10, 2020

, By Loren Moss

Avianca Rebuked By Colombia’s President After Announcing Ticket Sales For Unauthorized Flights

Colombian air carrier Avianca was forced to rescind advertisements seeking to sell air fares for flights in May after receiving a stern rebuke from the Colombian President, who said that any flights would be illegal.

Posted On May 4, 2020

, By Loren Moss

Colombia Approved For 2-Year $10.8 Billion USD Credit Line From IMF

The Executive Board of the International Monetary Fund (IMF) approved on Friday a successor two-year arrangement for Colombia under the Flexible Credit Line (FCL) in an amount equivalent to SDR 7.8496 billion, or approximately $10.8 billion USD and noted the cancellation by...

Posted On May 4, 2020

, By Loren Moss

Resistance Builds To Avianca’s Appeal For Colombian Governmental Bailout

Avianca has asked for a bailout by the Colombian government. Colombians are pointing out that the airline is majority foreign owned, and legally Panamanian, not Colombian.

Posted On April 30, 2020

, By Loren Moss

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 On April 28, 2020

, By Loren Moss

Teleperformance Seeks To Hire 4,000 Bilingual Agents in Colombia Despite Coronavirus

Teleperformance has announced an urgent need for 4,000 English, Portuguese and French bilingual agents in Colombia to work from home, despite the Coronavirus Pandemic.

Posted On April 27, 2020

, By Loren Moss