Finance Colombia » United Airlines

Avianca Changes Redemption Model, Making It More Expensive To Earn LifeMiles & Difficult To Attain Elite Status

Passengers who credited miles to Lifemiles in the past also will find it nearly impossible to qualify for elite status while primarily flying Star Alliance partner airlines, as another new requirement is that to qualify for Lifemiles elite status, 80% of the qualifying miles must...

Posted OnDecember 17, 2020

, ByLoren Moss

copa airlines avianca colombia venezuela

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

Declan Ryan Says Viva Air Not Being Treated Fairly By Colombian Government: Exclusive Interview

Finance Colombia’s founder Loren Moss was able to connect with Viva Air’s Executive Chairman Declan Ryan to better understand the gap between what the Duque Administration has said, and what they are doing. Are investors being treated equitably?

Posted OnSeptember 3, 2020

, ByLoren Moss

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

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

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

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

Interview: Will Avianca & LATAM Airlines Survive? Standard & Poor’s Analysts Weigh In

Finance Colombia arranged a meeting with key analysts with Standard & Poor to understand how this might play out for LATAM and Avianca, the two full service carriers that operate domestic routes in Colombia.

Posted OnApril 18, 2020

, ByLoren Moss

Avianca's new lounge has ample private cubicles with power connections in quiet areas of the complex.

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

Homicide Crime Photo Courtesy Geralt Pixabay

Financial Bloodbath: Colombian Bellwether Stocks Avianca & Ecopetrol, Colombian Peso All Plunge

Colombia's currency and bellwether stocks Avianca & Ecopetrol all took a plunge this week s double whammies of coronavirus panic and petroleum trade wars between Saudi Arabia & Russia impact the global economy. How will things play out?

Posted OnMarch 11, 2020

, ByLoren Moss

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