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An Avianca A320neo (Photo: AirlineGeeks | Ben Suskind)

Avianca Announces New Fare Structure as Part of Ongoing Efforts to Secure Profitability

South American carrier Avianca announced a new fare structure that seeks to generate additional revenue through the sale of ancillary products. The new structure is divided into five fare groups labeled as S, M, L, XL and XXL and begins charging for seat selection along with hold luggage in the lower fare groups.  Silvia Moquera, Avianca’s Chief commercial officer, said in a press release, “With this change we focus on our clients, we understand that the traveler is the owner…

2019 Brazilian Airlines in Review: What Will 2020 Bring?

2019 was a hectic year for the Brazilian aviation industry, with plenty of ups and downs. Even though the economy is doing good, with the country steadily recovering from the largest recession in its history, Brazilian airlines have faced several challenges this year. Each company faced its very own arduous…

Avianca Celebrates 100 Years of Flying

Avianca is celebrating 100 years of service as Latin America's longest operating airline. Avianca is currently the second oldest airline in the world with uninterrupted operations, coming a close second by less than two months after KLM Royal Dutch Airlines which also celebrated 100 years of service this past October.…

In Search of Financial Salvation, Avianca Rationalizes South America Network

This week, Avianca, the oldest airline of the Americas and second oldest in the world, celebrates its 100th anniversary. However, in recent times, the airline has not much to commemorate. Its financial situation is very fragile, with not much cash remaining and a very complex debt situation. As its latest…

Avianca Announces Codesharing with Gol

Colombian carrier Avianca has announced that it has reached a codeshare agreement with Brazilian carrier Gol. The agreement between the two carriers comes a few weeks after Avianca announced another codeshare agreement with another Brazilian carrier, Azul. It is worth noting that the two new codeshare arrangements with Brazilian carriers…

Avianca Brasil Assets Auctioned to GOL and LATAM

Avianca Brasil's asset auction took place generating more than US$147 million this week. Azul, GOL and LATAM were eligible to take part in the dispute but only GOL and LATAM came to bid. Azul said it would not participate "for not believing in the legitimacy of the process." As part…

Avianca Brasil Auction Suspended by Sao Paulo Court

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.…

Avianca Brazil Assets Go To Auction

The auction of Avianca Brazil assets is scheduled for May 7 after many months of negotiations with creditors. The company’s assets are divided into seven units, which will be sold separately. The units consist mostly of slots at Guarulhos, Congonhas and Santos Dumond airports, which are very attractive for business…

Creditors Approve Avianca Brazil’s Recovery Plan

After seven hours of discussion, Avianca Brazil was able to approve its judicial recovery plan in a heated assembly of creditors held this Friday in São Paulo. Of the total creditors, 77 percent voted in favor of Avianca's proposal, which should now be approved by Judge Tiago Limongi of the…

Avianca Reshapes A320neo Orders to Reduce Financial Exposure

According to a Reuters report, Colombian-based carrier Avianca is set to cancel 17  orders and to delay the delivery date of 35 A320neo family orders, as the scenario demands for financial sustainability rather than growth. Last December, Avianca's CEO Hernan Rincon announced that it had started conversations with Airbus to…