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//pfavh
Sky Airlines
0

Avianca (Sort Of) Denies Merger Rumors With Sky Airlines

As reported by Finance Colombia and elsewhere, Avianca (OTCMKTS: AVHOQ, BVC: PFAVH) directors and creditors have recently taken a significant stake in troubled Chilean low-cost carrier Sky Airlines, while bankrupt Avianca seeks to emerge from Chapter 11 reorganization in the...
Posted On October 11, 2021
, By Loren Moss
0

Avianca Admits Current Shareholders Likely To Be Wiped Out

As a result of the foregoing, under the plan, the value of the outstanding shares of the company is expected to be reduced to zero.
Posted On September 21, 2021
, By Loren Moss
1

Avianca Shares Plunge Towards Zero As Bankruptcy Exit Hearing Nears

The value of the shares would be reduced to 0 due to the decrease in equity attributable to the Debtors’ liabilities to third parties and creditors, as well as the injection of capital by new investors pursuant to the Chapter 11 plan.
Posted On September 7, 2021
, By Loren Moss
Avianca ATR 72-600
1

Avianca Files Reorganization Plan With US Bankruptcy Court

The next step in the Chapter 11 process will be a hearing for the United States Bankruptcy Court to consider the approval of the disclosure statement, which is scheduled for September 14, 2021.
Posted On August 11, 2021
, By Loren Moss
0

Avianca Loses Lawsuit By Woman Who Paid For Transatlantic 787 1st Class but Was Placed In A300 Economy

Had the airline simply made Ms. Casanova whole, this case would not exist. However, the fact that Avianca chose to battle a $1,500 USD refund all the way to Colombia’s supreme court suggests a new, more hostile attitude towards the same passengers it once coddled.
Posted On July 13, 2021
, By Loren Moss
0

Avianca Includes COVID-19 Test On 1st Class International Fares

Avianca’s highest fare class of XXL includes home testing for up to six passengers at the same location. Avianca passengers who purchase standard and economy fares will be able to take the PCR or antigen tests at discounted rates
Posted On February 20, 2021
, By Loren Moss
0

Avianca Reaches Load Factor Of 66.7% For September Flights, Including Humanitarian Repatriations

In September 2020, Avianca and its subsidiaries transported a total of 164,859 air passengers including 5,342 passengers on repatriation flights, resulting in a monthly load factor of 66.7%.
Posted On November 24, 2020
, By Loren Moss
Adrian Neuhauser
1

Avianca Promotes Adrian Neuhauser From CFO To Executive Vice President

Avianca Airlines announced this week that as part of its new management structure, current CFO Adrian Neuhauser will assume additional responsibilities relating to the airline’s operation and the company’s legal affairs as Corporate Executive Vice President, reporting to the CEO,...
Posted On November 20, 2020
, By Loren Moss
Photo: An Avianca 787 on the tarmac at José María Córdova International Airport near Medellín in Colombia. (Credit: Avianca)
0

US Bankruptcy Court Approves $2 Billion USD Avianca DIP Financing Package

After a $370 million USD government loan was blocked by a Colombian court, a US bankruptcy judge approved a total of $1.217 billion USD in new DIP loans that Avianca was able to negotiate from existing creditors and new investors.
Posted On October 5, 2020
, By Loren Moss
copa airlines avianca colombia venezuela
1

With Government Loan In Doubt, Avianca Secures Additional DIP Financing

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.
Posted On September 22, 2020
, By Loren Moss
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RECENT

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COMMENTS

US President Joe Biden Speaks with Colombia President-Elect Gustavo Petro

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Today, Colombian voters elected Gustavo Petro as the next president of Colombia, along with his running mate Francia ‘Márquez Mina as vice president

Gustavo Petro Elected Colombia’s Next President

Posted On June 19, 2022

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