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//pandemic
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Colombia Approved For 2-Year $10.8 Billion USD Credit Line From IMF

The Executive Board of the International Monetary Fund (IMF) approved on Friday a successor two-year arrangement for Colombia under the Flexible Credit Line (FCL) in an amount equivalent to SDR 7.8496 billion, or approximately $10.8 billion USD and noted the cancellation by...
Posted On May 4, 2020
, By Loren Moss
2

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
, By Loren Moss
Photo courtesy of Copa Airlines
1

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
1

Teleperformance Seeks To Hire 4,000 Bilingual Agents in Colombia Despite Coronavirus

Teleperformance has announced an urgent need for 4,000 English, Portuguese and French bilingual agents in Colombia to work from home, despite the Coronavirus Pandemic.
Posted On April 27, 2020
, By Loren Moss
copa airlines
3

Copa Airlines Raising $350 Million USD War Chest Via Private Notes Offering

Copa is raising $350 million USD due 2025, presumably to prepare itself for the Coronavirus-related economic downturn.
Posted On April 27, 2020
, By Loren Moss
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Guest Editorial: Coronavirus & Democracy In Latin America

It is curious how the Latin American giants Brazil & Mexico, with active representative democracies, have minimized the Coronavirus COVID-19 Pandemic as a minor flu. They may yet face serious consequences.
Posted On April 27, 2020
, By Sergio Escobar
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Copa Airlines Announces Plans To Restart Operations June 1

Copa Airlines is seeking approval to restart operations at Panama City's Tocumen International Airport on June 1 after suspending regular flights due to the Coronavirus COVID-19 Pandemic
Posted On April 27, 2020
, By Loren Moss
Photo © Loren Moss
1

Avianca Says It May Not Survive

Avianca has revealed "that substantial doubt exists as to our ability to continue as a going concern.” United Airlines said “As a consequence, we may not realize a satisfactory (or any) return on our invested or loaned funds" to Avianca & affiliates.
Posted On April 27, 2020
, By Loren Moss
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Viva Air Evacuates Stranded Colombians From USA On Humanitarian Repatriation Flight

Medellín based Viva Air evacuated 160 stranded Colombians home from the United States in the midst of the Coronavirus COVID-19 Pandemic
Posted On April 27, 2020
, By Loren Moss
Photo courtesy ACP
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Colombian Petroleum Industry Calls On Urgent Government Action To Mitigate Petroleum Crisis

The collapse in oil prices has led ACP, Colombia's petroleum industry association to call on the country's government to allow flexibility in the regulated pipeline transportation costs, that now make up almost half the cost of a barrel of oil, says the trade group.
Posted On April 22, 2020
, By Loren Moss
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