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Avianca’s 25 Largest Shareholders Revealed
Beyond the expected, some interesting names appear on the list of those with the most to lose should Avianca end up liquidated. The City of New York Group Trust?
Posted On June 9, 2020
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//SEC
NYSE to Suspend Trading In & Delist Avianca Shares
Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) announced today in a 6K filing with the United States Securities & Exchange Commission (SEC) that the New York Stock Exchange (NYSE) has suspended trading in the Company’s American Depositary Shares, each representing eight...
Posted On May 12, 2020
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
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
Avianca Stops Servicing Debt Principal & Lease Payments, Announces No Dividends
Colombian airline Avianca over the weekend admitted that, as the Coronavirus continues to impact its operations, it has begun to defer payments on long term leases and on principal on some of its outstanding debt. Over 14,000 employees are currently on unpaid leave.
Posted On March 30, 2020
Copa Airlines Contemplates Total Temporary Shutdown of Operations
With travel restrictions in place due to the Coronavirus COVID-19 pandemic, Copa Airlines issued a filing indicating that the company will reduce capacity by 80% but may shut down completely.
Posted On March 17, 2020
Avianca Not To Pay Dividends, States No Reserves or Retained Earnings Availabile
The Avianca board of directors has decided not to pay dividends to shareholders as they state there are no reserves or retained earnings available
Posted On March 11, 2020
Extreme Turbulence: Avianca Caught Up In Mammoth Airbus Bribery Scandal
Already entangled in multiple scandals involving illegal wiretapping of its pilots' union and improper favors to government officials, Colombian air carrier Avianca has now found itself involved in the massive multi-billion dollar global bribery scheme by Airbus uncovered by...
Posted On February 3, 2020
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Control of Avianca: New York Court Issues Summary Judgement In Favor of United & Kriete’s Kingsland Holdings, Against BRW Aviation, Efromovich
This morning in a New York court, a judge issued summary judgement affirming Kingsland Holding’s control of Avianca, after industrialist Germán Efromovich defaulted on loan payments to United Airlines collateralized by Efromovich’s stake in Avianca Holdings (NYSE:...
Posted On September 27, 2019
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KPMG Completes Review of Avianca Interim Financial Statements
Global accounting and audit firm KPMG has completed a review of Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) financial statements and notes as of June 30, 2019. A statement and letter to shareholders was prepared, and the letter was entered into the public record via a 6-K...
Posted On September 3, 2019
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