Finance Colombia

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

Viva Air Restarts International Flights September 19 With Miami-Cartagena Route

Viva Air is the 1st Colombian carrier to announce international flights after airspace reopens. Colombia-Miami flights start September 19. Viva is waiting on Peruvian authorization to begin flights there as well.

Posted On September 10, 2020

, By Loren Moss

Colombian Government Study To Explore $370 Million USD Loan To Bankrupt Avianca Contracted Just 1 Day Before Loan Approved; To Be Paid By Avianca

Finance Colombia has learned that a feasibility study to determine the viability of a government bailout of Avianca Airlines, where Colombian President Ivan Duque’s sister Maria Paula Duque is a top executive, was contracted by the finance ministry only the day before Duque...

Posted On September 9, 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

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

Latin American Corporate Defaults Expected To Rise, says Fitch

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.

Posted On June 29, 2020

, By Loren Moss

72% Of All SIC Platform Complaints Against Airlines In Colombia Filed Against Avianca

Colombian air travel passengers have battled with airlines over fare refunds more than any other complaint during the Coronavirus COVID-19 Pandemic, according to the Superintendence of Commerce.

Posted On June 20, 2020

, By Loren Moss

LATAM AIRLINES FILES BANKRUPTCY

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.

Posted On May 26, 2020

, By Loren Moss

While The Global Aviation Industry Faces Crisis, Viva Air Remains In Growth Mode: Exclusive Interview With CEO Felix Antelo

Viva Air CEO Felix Antelo Tells Finance Colombia why the airline remains optimistic, and discusses its growth both domestically, and with new routes coming to the US, the Caribbean, & Ecuador.

Posted On May 17, 2020

, By Loren Moss

New Copa Notes To Pay 4.5%

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

Posted On April 28, 2020

, By Loren Moss