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Finance Colombia publisher Loren Moss explains two credit card scams travelers face in Colombia — and the simple habits that keep your money safe.

After a $370 million USD government loan was blocked by a Colombian court, a US bankruptcy judge approved a total of $1.217 billion USD in new DIP loans that Avianca was able to negotiate from existing creditors and new investors.

Bankrupt airline Avianca has revealed that it is working on debtor in possession financing with several investment banks including Seabury Securities, Goldman Sachs, and JPMorgan Chase; subject to approval by US Bankruptcy Court and creditors. The deal would potentially open a...

Bogotá firm ADDI has raised $15 million USD in venture capital to grow ADDI’s business in Colombia and to expand to new Latin American markets. Addi provides consumer point of sale financing for retail purchases as an alternative to credit cards.

Several international airlines had a few months to live if their planes were still on the ground. In the case of Latin American airlines, Avianca was forecast three months; to LATAM four months; to Azul six months and to COPA ten months, among others.

Proceeds from the bond issuance will be used to fund liability management transactions and for general budgetary purposes.

Following an initial eight-month term, the credit facility is expected to be extended to two years “upon satisfaction of certain extension conditions."

The distinction acknowledges that Bancolombia has achieved an STP rate of at least 99%.