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.
The investment is seen as a vote of confidence as the aviation industry navigates the global COVID-19 pandemic. While larger airlines like Avianca and Latam fell into bankruptcy reorganization, Viva directly renegotiated over 200 contracts with suppliers and lessors in order to...
This aircraft, featuring CFM International LEAP-1A engines, is the sixth A320neo to deliver to Viva Air as part of a multi-aircraft transaction between ACG and the airline. Backed by Irelandia Aviation and using its low-cost carrier model, Viva has aggressive growth plans to...
Finance Colombia’s founder Loren Moss was able to connect with Viva Air’s Executive Chairman Declan Ryan to better understand the gap between what the Duque Administration has said, and what they are doing. Are investors being treated equitably?
Colombia’s finance ministry over the weekend announced that it would provide an 18 month loan of up to $370 million USD to Avianca Airlines, currently in Chapter 11 proceedings in US courts. The financing would be provided under Avianca’s proposed Debtor In Possession (DIP)...