Finance Colombia » Iván Duque

While Asking For Government Bailout & Furloughing Thousands of Employees, Bankrupt Avianca Paid 7 “Insiders” Bonuses Of Over $10.3 Million USD

Despite laying off thousands of employees, filing for bankruptcy, and asking the Colombian government for a $370 million USD bailout, FInance Colombia has learned that Avianca has paid bonuses of over $10 million USD to seven top Avianca executives. CEO Anko Van der Werff & CFO...

Posted On September 21, 2020

, By Loren Moss

Court Blocks Colombia’s $370 Million USD Emergency Loan To Bankrupt Avianca Airlines

A 3 judge panel in Colombia's Cundinamarca district court issued an emergency injunction against the $370 million USD loan by the administration of Colombian President Ivan Duque to bankrupt Avianca Airlines, where his sister is a top executive. The lawsuit was filed by a...

Posted On September 12, 2020

, By Loren Moss

juan manuel santos donald trump plan colombian coca eradication peace colombia farc

Former President Denounces Colombian Government For Colluding With Trump Re-Election Campaign

Former Colombian President & Nobel Peace Prize Winner Juan Manuel Santos has accused current Colombian President Ivan Duque's administration of unlawfully offering to interfere in the upcoming US Presidential Election on behalf of Donald Trump

Posted On September 10, 2020

, By Loren Moss

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Colombia suffered deadly riots as citizens took to the street to protest police brutality. In the latest incident, a law student was beaten & tasered to death in front of his apartment as friends and family looked on in horror. The attack was apparently unprovoked. Artwork...

Posted On September 10, 2020

, By Loren Moss

Declan Ryan Says Viva Air Not Being Treated Fairly By Colombian Government: Exclusive Interview

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?

Posted On September 3, 2020

, By Loren Moss

Secretary of Defense Donald H. Rumsfeld (left) listens as President Álvaro Uribe (right) speaks to a group assembled at the Colombian presidential residence on August 19, 2003. (Photo by TSGT Andy Dunaway, U.S. Air Force)

Declassified US State Department Cables: “Uribe Almost Certainly Had Dealings With The Paramilitaries”

"The secret US Defense Intelligence Agency (DIA) list said Alvaro Uribe was 'dedicated to collaboration with the Medellin Cartel at high government levels' & was 'a close personal friend of Pablo Escobar' who had “worked for the Medellin Cartel." Declassified US Government...

Posted On September 2, 2020

, By Michael Evans

While Copa & Viva Airlines have not announced any fleet groundings so far, this week, Avianca & LATAM have announced significant cutbacks on routes, grounding between 30-40% of their fleets in the face of the Coronavirus COVID-19 Pandemic.

Colombian Government To Loan $370 Million USD To Bankrupt Avianca

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)...

Posted On September 1, 2020

, By Loren Moss

President Ivan Duque Extends Colombia’s COVID-19 Emergency Until November 30

"We want to inform the country that a new phase begins on September 1, where we change the concept of Mandatory Preventive Isolation, with a significant number of exceptions, to having a concept of Selective Isolation, distancing and individual responsibility," said President...

Posted On August 25, 2020

, By Loren Moss

Cameron WIlson of Colombia Risk Analysis

What To Expect In 2nd Half Of Colombian President Ivan Duque’s Term? Colombia Risk Analysis Predicts In This Exclusive Video Interview

The report’s co-author Cameron Wilson took time to speak with Finance Colombia executive editor Loren Moss about the many points covered by the report, including what to expect in the second half of Colombian President Ivan Duque’s term.

Posted On August 25, 2020

, By Loren Moss

Colombia, USA Announce Bilateral Investment & Rural Development Pact

US DFC CEO Adam Boehler and US National Security Advisor Robert C. O’Brien joined Colombian President Iván Duque to announce the launch of the US-Colombia Growth Initiative to strengthen US-Colombia bilateral cooperation while leveraging US government resources to create economic...

Posted On August 18, 2020

, By Loren Moss