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Cali will get direct flights to Santa Marta, Bucaramanga, and San Andrés, while Cartagena and Medellín also get new routes to San Andrés.

Avianca head Hernán Rincón says the airline "will continue negotiations with United" to reach an alliance that he believes is in the best interest of the company and shareholders.

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

The labor deal between Avianca and the ODEAA "includes a substantial increase in the gross income of pilots and co-pilots," according to the airline.

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

"With the launch of this new route, Avianca becomes the first and only airline to directly link Bogotá with Boston and vice versa," says the airline.

Details of an alliance between Avianca and United Airlines "are yet to be negotiated," but the Star Alliance carriers are working to formalize a long-term deal.

Bancolombia: "The transaction — still pending approval — demonstrates the interest of large global players to get market exposure to Latin America."

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...