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Many business publications are reporting that Colombian airline Avianca’s board of directors has appointed Aeromexico’s Anko Van Der Werff as the airline’s new CEO. Van Der Werff has been serving for the past 5 years with Aeromexico, most recently as...

Last week United Airlines (NASDAQ: UAL) moved to remove longtime chairman and controlling shareholder Germán Efromovich from Avianca’s  (NYSE: AVH) (BVC: PFAVH), board of directors. Adding insult to injury, United installed Roberto Kriete as the board’s new chairman. All this...

According to Standard & Poor’s, Avianca Holding’s plans to refinance its $550 million (USD) senior unsecured notes has taken longer than expected, given several reasons. These include delays to clear certain contractual proceedings with Avianca’s shareholders...

The route to Santa Cruz is Avianca’s second connecting Colombia in Bolivia. The carrier also operates a daily flight between Bogotá and La Paz.

“The pilot strike will have an adverse effect on our fourth quarter results,” said Hernán Rincón, CEO of Avianca Holdings.

SAI supports ground operations including aircraft dispatch, engine starting, counter check-in, and cabin cleaning.

“We urge the pilots of ACDAC to return to work and comply with the legal decisions immediately," said Avianca head Hernán Rincón.

The pilots union said that "the Colombian state is on the side of the company that violates labor rights and not the rights of workers.”

The new agreement will go into effect on tickets sold this month and for travel dates beginning in September.

Avianca's top executive called it a “difficult decision” to suspend flights for first time in 60 years while citing safety concerns and operational difficulties.