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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.

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.

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.

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.

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.

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.

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...

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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...

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...