Avianca

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. To commemorate the occasion, the […]

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 move to overcome this delicate […]

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 will position Avianca to re-enter […]

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 of its recovery plan, the […]

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. BR Distribuidora, a subsidiary of […]

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 travelers. The idea is to […]

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 first Court of Bankruptcy and […]

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 reduce an order of 107 […]

In a new development to recover the airline from bankruptcy protection, Avianca Brasil changed its president. Frederico Pedreira, who will be leaving the company replaced by Jorge Vianna, a former vice-president of the company. Pedreira worked for the company for eight years in different executive positions and was responsible for its network expansion to Miami, New […]

Avianca Argentina, part of the Synergy group which also owns the troubled Avianca Brazil, announced it will not be operating its much-awaited international route from its base in Buenos Aires to Sao Paulo Guarulhos, which was set to begin on February 5 with seven weekly frequencies. In a press release, the airline attributed the decision […]