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//german efromovich
0

Efromovich Brothers Cleared Of Corruption Charges In Brazil

The brothers were arrested in São Paulo on charges related to fraud in the contracts between the Transpetro subsidiary of Petrobras and the Efromovich brothers’ Estaleiro Ilha S.A. (EISA) shipyard in Brazil.
Posted On September 21, 2021
, By Loren Moss
0

Avianca To End Business Class On Domestic Flights, Moves to Economy-Only Seating

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?
Posted On September 15, 2021
, By Loren Moss
Sky Airlines
1

Avianca Directors Making Moves On Sky Airlines Of Chile

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.
Posted On September 13, 2021
, By Loren Moss
copa airlines avianca colombia venezuela
1

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
3

Breaking News: Former Avianca Chairman Germán Efromovich Arrested On Corruption & Bribery Charges

Former Avianca chairman Germán Efromovich along with his brother José have been arrested in Brazil on charges of bribery and corruption as part of the Lava Jato investigation.
Posted On August 19, 2020
, By Loren Moss
Photo © Loren Moss
0

Unimpressed By DIP Financing Plan, Bancolombia Terminates Coverage of Avianca

Bancolombia, Colombia's largest bank has issued a report panning Avianca proposed DIP financing plan from the point of view of current shareholders, and indicated that it would no longer be covering the bankrupt airline.
Posted On August 19, 2020
, By Loren Moss
1

Extreme Turbulence: Avianca Caught Up In Mammoth Airbus Bribery Scandal

Already entangled in multiple scandals involving illegal wiretapping of its pilots' union and improper favors to government officials, Colombian air carrier Avianca has now found itself involved in the massive multi-billion dollar global bribery scheme by Airbus uncovered by...
Posted On February 3, 2020
, By Loren Moss
2

Travelers Beware: Avianca Dishonoring Its Frequent Flyer Commitments

You cannot come in here. As of January 1, Lifemiles Silver members no longer have access to this lounge. How would you like to pay?
Posted On January 25, 2020
, By Loren Moss
off

Air Wars: Delta Snatches LATAM From American Airlines Partnership, Leaves AA Without Partners In Several Major Markets

Delta (NYSE: DAL) and LATAM Airlines Group S.A. (NYSE: LTM; IPSA: LTM) last week announced that they have entered into a strategic partnership that seeks to reshape the air travel environment in The Americas. Chile based LATAM will sever its ties with longtime partner American...
Posted On September 30, 2019
, By Loren Moss
Avianca Boeing 787 Dreamliner at Medellín's Airport
off

Control of Avianca: New York Court Issues Summary Judgement In Favor of United & Kriete’s Kingsland Holdings, Against BRW Aviation, Efromovich

This morning in a New York court, a judge issued summary judgement affirming Kingsland Holding’s control of Avianca, after industrialist Germán Efromovich defaulted on loan payments to United Airlines collateralized by Efromovich’s stake in Avianca Holdings (NYSE:...
Posted On September 27, 2019
, By Loren Moss
123




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Shelli Ryan Of Ad Hoc Communications Unpacks The Nuances Of Cross-Border Marketing

Posted On June 30, 2022

Post Election Calm Returns As President-Elect Petro Seeks To Build Bridges

Posted On June 30, 2022

Tarkus Labs Obtains INVIMA Cannabis Certification, Seeks US Distribution Partner

Posted On June 30, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

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