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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 OnSeptember 22, 2020
, ByLoren Moss
Photo © Loren Moss
0

Unimpressed By DIP Financing Plan, Bancolombia Terminates Coverage of Avianca

Bancolombia, Colombia's largest bank has issued a report panning Avianca proposed DIP financing plan from the point of view of current shareholders, and indicated that it would no longer be covering the bankrupt airline.
Posted OnAugust 19, 2020
, ByLoren Moss
1

While The Global Aviation Industry Faces Crisis, Viva Air Remains In Growth Mode: Exclusive Interview With CEO Felix Antelo

Viva Air CEO Felix Antelo Tells Finance Colombia why the airline remains optimistic, and discusses its growth both domestically, and with new routes coming to the US, the Caribbean, & Ecuador.
Posted OnMay 17, 2020
, ByLoren Moss
2

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 OnApril 30, 2020
, ByLoren Moss
Photo © Loren Moss
1

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 OnApril 27, 2020
, ByLoren Moss
Avianca's new lounge has ample private cubicles with power connections in quiet areas of the complex.
1

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 OnMarch 30, 2020
, ByLoren Moss
Avianca flyers can say goodbye to the full featured seats and legroom they are accustomed to. (Photo: Loren Moss)
0

Avianca To Cram 24 More Seats Per Plane Amid Staggering Drops in Net Income & Passenger Traffic

Avianca (NYSE: AVH, BVC: PFAVH) has announced that it is changing out the seats in its Airbus A320 fleet with cheaper, thinner versions that will allow the airline to squeeze 24 more passengers on a flight, even though its passenger traffic is down almost 10% and on-time...
Posted OnMarch 4, 2020
, ByLoren Moss
1

Travelers Beware: Avianca Dishonoring Its Frequent Flyer Commitments

You cannot come in here. As of January 1, Lifemiles Silver members no longer have access to this lounge. How would you like to pay?
Posted OnJanuary 25, 2020
, ByLoren Moss
(Photo credit: Avianca)
off

Avianca Takes $125 Million In Additional Debt From Citadel, Latin American Investors

Avianca’s (NYSE: AVH; BVC: PFAVH) today announced the funding of previously announced convertible secured debt financing in a total amount of $125 million USD. This financing is incremental to the $250 million convertible secured stakeholder facility loan by United Airlines...
Posted OnJanuary 13, 2020
, ByLoren Moss
One of Avianca new 787s at Medellin's Airport
off

Standard & Poor’s Upgrades Avianca Holdings To ‘B-‘ From ‘SD’ & LifeMiles To ‘B+’ From ‘B-‘ On Debt Restructuring Completion

S&P Global Ratings last week raised its issuer credit rating to ‘B-‘ from ‘SD’ and its issue-level rating on the 9% senior secured notes due 2023 to ‘B-‘ from ‘CCC-‘ and the 8.375% senior unsecured notes due 2020 to...
Posted OnDecember 28, 2019
, ByLoren Moss
12




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RECENT

POPULAR

COMMENTS

Tecnoglass window-making factory in Barranquilla, Colombia. (Photo credit: Liliana Padierna)

Tecnoglass To Hold Q1 2021 Earnings Call The Morning Of May 7

Posted On April 13, 2021

Etek Launches Identity & Access Management Service

Posted On April 13, 2021

GCA Airlines Files To Fly New Routes To Bucaramanga, Santa Marta, San Andrés & Pereira, Colombia

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Photo montage courtesy EPM

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