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Avianca: "Our business may not succeed even if the Re-profiling Plan is successful and the Stakeholder Investment is consummated."

On October 9 & 10 in Lima, Peru the Hydropower Latin America Congress and Exhibition will bring together over 300 decision making executives of hydroelectric plants, Latin American ministries of energy, hydroelectric companies, investors, EPCs, equipment and service providers...

Prior to the OAS General Assembly held last month in Medellín, Colombia, member countries of the Organization of American States proposed to strengthen the use of technology to combat corruption in The Americas. “According to the Corruption Perception Index prepared by...

Moody’s Investors Service last week downgraded to B2 from Ba2 LifeMiles Ltd.’s corporate family and senior secured ratings. The outlook has been revised to negative from stable. LifeMiles, Ltd. is a coalition loyalty, program and the sole operator of Avianca...

Earlier this month, according to various eyewitness reports, around 100 independent Rappi delivery contractors burned their trademark orange merchandise totes in front of Rappi’s offices in the north of Bogotá.  Rappi delivery contractors are not employees but independent...

Credicorp Ltd. (NYSE: BAP) announced last week that it has reached an agreement to acquire 74.49% of the capital stock of Banco Compartir S.A. one of the leading microfinance banks in Colombia, from a group of shareholders including Colsubsidio, Cafam, Comfandi, Comfenalco...

Toronto based upstream petroleum producer Frontera Energy Corporation (TSX: FEC) announced today that the company will be added to the Standard & Poor’s TSX Composite Index, effective prior to the open of trading on Monday, June 24, 2019. The Frontera is also being added to...

Moody’s Investors Service has affirmed the Baa2 issuer rating of Interconexion Electrica S.A. E.S.P. (ISA). (OTCQX: IESFY) (BVC: ISA) At the same time, Moody’s revised the outlook to stable from negative. This action follows Moody´s recent rating action on the...

As part of its expansion plan in the region, Viva Air has initiated operations of its new bi-directional international route between Cartagena, Colombia (CTG) and Lima, Peru (LIM) from $195 USD round trip, flying Wednesdays, Fridays and Sundays. On June 7, Viva Air’s pink-livery...

For the month of May, 2019, Copa Holdings, parent company of Copa Airlines (NYSE: CPA), announced that system-wide passenger traffic (RPMs) decreased 2.6% year over year, while capacity (ASMs or Available Seat Miles) decreased 4.6%.  As a result, system load factor for the month...