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Avianca: "Our business may not succeed even if the Re-profiling Plan is successful and the Stakeholder Investment is consummated."

Fedex (NYSE: FDX), previously known as Federal Express, has been present in Colombia for 25 years, but has not been seen as the dominant player that it is in other markets. Fedex would like to convince us that a change is coming. A delegation of top executives has been in...

Toronto based upstream petroleum producer Frontera Energy Corporation (TSX: FEC) announced today that the company will be added to the Standard & Poor’s TSX Composite Index, effective prior to the open of trading on Monday, June 24, 2019. The Frontera is also being added to...

For the month of May, 2019, Copa Holdings, parent company of Copa Airlines (NYSE: CPA), announced that system-wide passenger traffic (RPMs) decreased 2.6% year over year, while capacity (ASMs or Available Seat Miles) decreased 4.6%.  As a result, system load factor for the month...

Avianca Holdings S.A.,  (NYSE: AVH) (BVC: PFAVH), through its subsidiaries Grupo Taca Holdings Limited and Nicaraguense de Aviacion S.A., closed the sale of its shares in Turboprop Leasing Company Ltd., parent company of the Costa Rican airline Servicios Aéreos Nacionales S.A...

The total was up 3.5% from 2017, while Avianca's RPK (revenue passenger kilometers) jumped by 8.7% year over year.

This is a fall from 2015, when Colombia ranked 103rd overall, and a substantial drop from its ranking of 84th in 2010.

Despite the drop — from 57th in 2017 to 60th this year — Colombia's overall score in the Global Competitiveness Report actually increasing by 0.1 points to 61.6.

"Colombia is a key part of our strategy to invest more across the region,” said Ryan Brennan, vice president of OPIC.

Kimberly Clark and Grupo Familia face fines of 4.1% and 3.5% of their sales, respectively, in the Colombian and Ecuadorian markets.