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JetSmart started with domestic routes connecting Medellín, Bogotá, Cartagena, Pereira, Santa Marta, and Cali.

Globally, only Starlux Airlines beat out the top two carriers in the Americas: Lynx Air and Arajet.

"We need the governments to work together to build the environment that will bring this capital, which is essential to developing aviation."

Aerocivil has hinted at some flexibility on slots, but Avianca must announce Viva's fate this week.

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

Avianca says it is willing to resurrect Viva, but wants better terms than the government has offered.

After struggling to find a buyer or investor, Colombian low-cost airline Ultra Air suspended operations just 30 days after competitor Viva was abruptly grounded. Ultra had recently admitted struggles but sought to reassure passengers that it would carry on. Less than a year ago,...

In an internal document, Ultra asks employees to be patient about their paychecks.

Finance Colombia has reached out to Ultra Air multiple times for comment but has received no response.

Bloomberg is reporting an Aerocivil approval based on leaked information, but both airlines say they know nothing.