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Avianca's filing calls Roberto Kriete of Kingsland a “disloyal director who has worked actively to undermine the company’s strategic goals.”

Though adding a strategic partner could be a positive development, Fitch Ratings views Avianca's liquidity as low.

“The United transaction diverts the vast majority of the consideration United is paying for a partnership with Avianca...to Efromovich’s financially shaky affiliates," alleges the Kingsland lawsuit.

Offers are due by November 9, and a majority share may reportedly be on the table.

"The sale process has started" for a one-fifth holding in the Brazilian airline.

German Efromovich, President of the Board of Directors for Avianca Holdings S.A. and the Board of Directors for Aerovías del Continente Americano S.A. Avianca, has introduced Hernan Rincón Lema as the new Executive President of the holding company that groups several airlines and...

German Efromovich, Chairman of the Board of Directors of Avianca Holdings S.A. and Aerovias del Continente Americano S.A. has announced the appointment of Hernán Rincón (pictured above) as the new Chief Executive Officer of Avianca Holdings S.A. and Avianca S.A Mr. Rincón, was...

Bogotá’s Club El Nogal will be the host of the 3rd annual Leadership Encounter sponsored by the Colombian Presidents’ Forum, named “Leaders that inspire actions of change.”  The event, September 30 from 7am to 1pm, seeks to bring together the most successful professionals and...