Finance Colombia

Viva Air Captures Market Share During Pandemic, Now 2nd Largest Colombian Airline

Viva Air increased its market share in Colombia from 15 to 24% in 2020, despite the Coronavirus Pandemic and complete closure of Colombian airspace from March to October

Posted OnJanuary 18, 2021

, ByLoren Moss

Viva Air’s Director of Airports & Control Center Alex Cipagauta

Viva Air Relaunches Medellín, Colombia – Lima, Peru Nonstop Flights

After a hiatus of almost 7months without commercial flights between Medellín, Colombia and Lima, Peru, low-cost carrier Viva Air is restarting nonstop flights between the two Andean cities.

Posted OnDecember 21, 2020

, ByLoren Moss

ecopetrol america warrior colombia gulf of mexico

Fitch Affirms Ecopetrol At BBB- With Negative Outlook

The rating agency highlighted Ecopetrol's liquidity profile, supported by its cash generation, strong access to capital markets and adequate debt maturity profile.

Posted OnDecember 2, 2020

, ByLoren Moss

Viva Air group presents Felix Antelo as its new CEO. (Credit: Viva Air)

Viva Air Carries Over 100,000 Passengers With 80% Load Factor In First Month Of Colombian Airspace Reopening

Viva Air Is selling tickets for as low as $15,49 USD one-way, and has announced that it has carried over 100,000 passengers in the first month of Colombian airspace reopening. The airline remains in growth-mode despite the COVID-19 Pandemic.

Posted OnNovember 2, 2020

, ByLoren Moss

Colombia Gold Symposium 2020 Brings All-Star Speakers, Online Format November 10-13

The Colombia Gold Symposium, organized by Paul Harris, publisher of Colombia Gold Letter, also covers other metals such as silver and copper, and gives Ecuador equal billing in the symposium content, with additional attention given to Peru and Chile.

Posted OnOctober 26, 2020

, ByLoren Moss

While Asking For Government Bailout & Furloughing Thousands of Employees, Bankrupt Avianca Paid 7 “Insiders” Bonuses Of Over $10.3 Million USD

Despite laying off thousands of employees, filing for bankruptcy, and asking the Colombian government for a $370 million USD bailout, FInance Colombia has learned that Avianca has paid bonuses of over $10 million USD to seven top Avianca executives. CEO Anko Van der Werff & CFO...

Posted OnSeptember 21, 2020

, ByLoren Moss

Despite Pandemic, Viva Air Expands With New Bogotá – Cali Route

Just days after the Colombian government allowed the restart of commercial aviation in the country, low cost carrier Viva Air has returned to expansion mode with the announcement of a new route between the Colombian capital of Bogotá and the third largest city and Colombia’s...

Posted OnSeptember 15, 2020

, ByLoren 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 OnSeptember 10, 2020

, ByLoren Moss

From Tomato-Thrower To Banana Republican, Can Medellin’s Mayor Daniel Quintero Learn Good Governance (Please?): Op-Ed

Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...

Posted OnSeptember 1, 2020

, ByLoren Moss

Free Webinar August 26: Hydropower of Latin America: Implementation of HPPs Construction & Modernization Projects

Free webinar August 26: Hydropower of Latin America: implementation of HPPs construction and modernization projects 11 am Colombia time Organizer: Vostock Capital Website: https://www.latinamericahydrocongress.com/en/webinar

Posted OnAugust 17, 2020

, ByLoren Moss