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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 On September 22, 2020

, By Loren 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 On September 3, 2020

, By Loren 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 On August 19, 2020

, By Loren 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 On May 17, 2020

, By Loren 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 On April 30, 2020

, By Loren 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 On April 27, 2020

, By Loren 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 On April 18, 2020

, By Loren 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 On March 30, 2020

, By Loren 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 On March 11, 2020

, By Loren Moss

Avianca flyers can say goodbye to the full featured seats and legroom they are accustomed to. (Photo: Loren Moss)

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 On March 4, 2020

, By Loren Moss