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Efromovich taking control of Ultra would put him in the position of competing against his old airline, Avianca.

The battle for control of Viva goes far beyond Avianca, Jetsmart & Latam. Here are some of the key players

The airline has significantly restructured its business model, reducing frequent flyer benefits, reducing passenger services, and removing luxury perks from its planes.

The investment, said to be $70 million USD of convertible credit, brings the airline into proximity with both bankrupt Colombian carrier Avianca and Mexican carrier Volaris.

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.

Fitch Ratings yesterday announced that it had downgraded Avianca Holdings’ Long-Term Foreign and Local Currency Issuer Default Rating (IDR) to ‘C from ‘CCC-‘. The ratings have been removed from Rating Watch Negative. This downgrade follows the announcement...

Avianca Holdings S.A.,  (NYSE: AVH) (BVC: PFAVH), through its subsidiaries Grupo Taca Holdings Limited and Nicaraguense de Aviacion S.A., closed the sale of its shares in Turboprop Leasing Company Ltd., parent company of the Costa Rican airline Servicios Aéreos Nacionales S.A...

Last week United Airlines (NASDAQ: UAL) moved to remove longtime chairman and controlling shareholder Germán Efromovich from Avianca’s  (NYSE: AVH) (BVC: PFAVH), board of directors. Adding insult to injury, United installed Roberto Kriete as the board’s new chairman. All this...

“The pilot strike will have an adverse effect on our fourth quarter results,” said Hernán Rincón, CEO of Avianca Holdings.

Avianca's filing calls Roberto Kriete of Kingsland a “disloyal director who has worked actively to undermine the company’s strategic goals.”