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Avianca’s 25 Largest Shareholders Revealed
Beyond the expected, some interesting names appear on the list of those with the most to lose should Avianca end up liquidated. The City of New York Group Trust?
Posted On June 9, 2020
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//Kingsland Holdings
Resistance Builds To Avianca’s Appeal For Colombian Governmental Bailout
Avianca has asked for a bailout by the Colombian government. Colombians are pointing out that the airline is majority foreign owned, and legally Panamanian, not Colombian.
Posted On April 30, 2020
Interview: Will Avianca & LATAM Airlines Survive? Standard & Poor’s Analysts Weigh In
Finance Colombia arranged a meeting with key analysts with Standard & Poor to understand how this might play out for LATAM and Avianca, the two full service carriers that operate domestic routes in Colombia.
Posted On April 18, 2020
Avianca Credit Rating Downgraded Into Deep Junk By Fitch
Fitch Ratings yesterday announced that it had downgraded Avianca Holdings’ Long-Term Foreign and Local Currency Issuer Default Rating (IDR) to ‘C from ‘CCC-‘. The ratings have been removed from Rating Watch Negative. This downgrade follows the announcement...
Posted On April 3, 2020
Avianca Stops Servicing Debt Principal & Lease Payments, Announces No Dividends
Colombian airline Avianca over the weekend admitted that, as the Coronavirus continues to impact its operations, it has begun to defer payments on long term leases and on principal on some of its outstanding debt. Over 14,000 employees are currently on unpaid leave.
Posted On March 30, 2020
Avianca To Cram 24 More Seats Per Plane Amid Staggering Drops in Net Income & Passenger Traffic
Avianca (NYSE: AVH, BVC: PFAVH) has announced that it is changing out the seats in its Airbus A320 fleet with cheaper, thinner versions that will allow the airline to squeeze 24 more passengers on a flight, even though its passenger traffic is down almost 10% and on-time...
Posted On March 4, 2020
Moody’s Upgrades Lifemiles To B1 From B2
Ratings firm Moody's Investors Service (Moody's) has upgraded LifeMiles Ltd.'s senior secured and corporate family ratings to B1 from B2. The outlook has been revised to stable from negative.
Posted On February 8, 2020
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Avianca Takes $125 Million In Additional Debt From Citadel, Latin American Investors
Avianca’s (NYSE: AVH; BVC: PFAVH) today announced the funding of previously announced convertible secured debt financing in a total amount of $125 million USD. This financing is incremental to the $250 million convertible secured stakeholder facility loan by United Airlines...
Posted On January 13, 2020
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Standard & Poor’s Upgrades Avianca Holdings To ‘B-‘ From ‘SD’ & LifeMiles To ‘B+’ From ‘B-‘ On Debt Restructuring Completion
S&P Global Ratings last week raised its issuer credit rating to ‘B-‘ from ‘SD’ and its issue-level rating on the 9% senior secured notes due 2023 to ‘B-‘ from ‘CCC-‘ and the 8.375% senior unsecured notes due 2020 to...
Posted On December 28, 2019
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Avianca Closes On $250 Million Convertible Loan From United Airlines & Kingsland International Group
Avianca has announced this morning in a filing with the US Securities & Exchange Commission (SEC) that it has closed on a $250 Million senior secured convertible loan agreement offered by US based United Airlines, and Kingsland International Group, controlled by Roberto...
Posted On November 18, 2019
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