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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)...

The number of defaults in 2020 is on pace to exceed that of 2019 with indications there will be more to follow, given 6 group-level defaults YTD compared with 6 in all of 2019, and the high number of ratings at ‘CCC’ or below categories.

LATAM Airlines this morning filed for Chapter 11 Bankruptcy in the US, though Quatar Airways & 2 South American Families have pledged almost $1 billion USD in support to preserve the airline & uninterrupted operations.

Copa Airlines' new notes will be senior, unsecured obligations of Copa and will accrue interest at a rate of 4.50% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2020

Copa is raising $350 million USD due 2025, presumably to prepare itself for the Coronavirus-related economic downturn.

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...

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.

Viva Colombia's Felix Antelo tells Finance Colombia readers why the airline left Cali and how it returned, recent changes in the airline, and the ways the airline is welcoming first-time flyers and foreign tourists and family visitors.

Unless travelers are traveling on a first class or business class ticket, they will lose access to lounges in over two dozen airports

Airline analytics and data firm OAG (Official Airline Guide) has released its 2020 airline punctuality ratings, which rate Copa Airlines as the world’s second most punctual with 92.01% of flights arriving within 20 minutes of schedule. Only Garuda Indonesia surpassed this with a...