Avianca Brasil's story appears to be approaching its end. Last Friday Brasil's National Civil Aviation Agency (ANAC) suspended the airline's concession of regular air transport operations, which included passenger and cargo flights. According to the agency, the suspension was enacted as Avianca failed to fulfill some clauses of its signed…
The government of Brazil has suspended operations of the troubled Avianca Brasil. The decision came into effect on Friday, with the airline acknowledging the government's decision. The reason for the suspension was given as unspecified safety concerns. The airline has been in financial trouble for over a year. The Brazilian…
Air Europa applied last Friday to operate domestic flights within Brazil. The move is a direct result of new laws in Brazil allowing foreign airlines 100 percent ownership of Brazilian airlines, whereas foreign ownership was previously limited to 25 percent. Brazil's congress approved last Wednesday the new law, which included…
A court decision on Monday suspended the auction of Avianca Brazil assets which would help the airline pay its debt. Swissport AG, an aviation service company providing airport ground and cargo handling services, made the request to halt the auction. The company claims $4.3 million USD in debt by Avianca.…
Last week, Azul Airlines backed out of a deal to take over 30 Airbus A320 family aircraft as well as 70 slots from Avianca Brazil, valued at US$105 million, following the recent creditor approval of the carrier’s recovery plan which involves splitting the troubled carrier’s assets into seven separate units (UPIs)…
In a surprising move, the CEO of Azul Brazilian Airlines, John Rodgerson, announced that Azul is interested in buying most of the assets from Avianca Brazil, which is going through bankruptcy protection. The statement came as a surprise because Rodgerson had made previous comments showing no interest in buying Avianca.…
Last December, Avianca Brazil filed an injunction for a protective measure, as it failed to cover the bill for Aircastle’s 10 Airbus A320 and one A330 leased aircraft it was operating. During this past weekend, prior to this Monday protective measure extinction, three A320 were removed of their markings and…
After a series of events, Avianca Brazil, a subsidiary of Colombia's Avianca and known in Brazil as former OceanAir, filed for the Brazilian equivalent of Chapter 11 bankruptcy on Dec. 10, 2018. The crises in the airline intensified after two aircraft leasing companies, BOC Aviation Limited and Constitution Aircraft Leasing,…
