Tag

Removing business class from short haul commuter flights is not a big deal by itself, but what is Avianca’s strategy? What does the airline want to be?

Passengers who credited miles to Lifemiles in the past also will find it nearly impossible to qualify for elite status while primarily flying Star Alliance partner airlines, as another new requirement is that to qualify for Lifemiles elite status, 80% of the qualifying miles must...

Avianca says it has raised $2 billion of DIP financing, including new loans and refinancing of existing notes, despite the blockage of a $370 million USD bailout loan from the Colombian government.

Bancolombia, Colombia's largest bank has issued a report panning Avianca proposed DIP financing plan from the point of view of current shareholders, and indicated that it would no longer be covering the bankrupt airline.

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...

Avianca has filed for bankruptcy protection in the US Southern District Court of New York. The airline was already struggling and facing multiple scandals before the arrival of the Coronavirus COVID-19 Pandemic

S&P Global Ratings has downgraded Avianca's credit rating from “B-” to “‘CCC” while placing the airline on CreditWatch negative.

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...

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.

You cannot come in here. As of January 1, Lifemiles Silver members no longer have access to this lounge. How would you like to pay?