All Avianca articles – Page 3
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NewsUS bankruptcy court approves Avianca reorganisation plan
A US court has confirmed Colombian flag carrier Avianca’s reorganisation plan, clearing the way for the airline to emerge from Chapter 11 bankruptcy proceedings by the end of the year.
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NewsAvianca A320 records exceptionally hard landing during airport test flight
Colombian investigators are probing a serious incident in which an Avianca Airbus A320 made a hard landing following an approach to Ibague airport, west of Bogota. The twinjet (N742AV) was carrying out an approach to runway 32, during an initial operational check to validate new approach procedures, according to French ...
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NewsAvianca will only operate Boeing 787-8s in simplified widebody fleet
Colombian flag carrier Avianca says its future widebody fleet will feature only Boeing 787-8s, as it seeks to emerge from US Chapter 11 bankruptcy protection with a simplified roster of aircraft.
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NewsAir freight is Latin American aviation’s only pandemic winner
The transport of cargo was a key driver of Latin American passenger carriers’ success in maintaining their operations during the pandemic, as they went without government financial aid while transporting essential freight to fight Covid-19.
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Airline BusinessLatin American airline CEOs reflect on the pandemic’s lessons learned
For airlines in Latin America, the coronavirus pandemic not only posed a sudden, monumental operational challenge, but also interrupted the region’s long overdue growth trajectory.
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Airline BusinessAvianca chief on Colombian airline’s shift to point-to-point strategy in Covid recovery
Adrian Neuhauser’s goal is to lead the ailing carrier out of the double-whammy of the global health crisis and bankruptcy
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NewsLatin airlines to lag North American recovery as restructuring costs bite: IATA
IATA expects the “entire Americas continent” to be open for air travel from November, but foresees a north-south divide in the financial recovery story.
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Airline BusinessFor Latin America’s airlines, return to 2019 is ‘not good enough’
As Latin American carriers make a steep climb out of the crisis, the region’s pre-pandemic normal is an undesirable summit
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NewsUS court takes Avianca a step closer to emerging from Chapter 11
The US bankruptcy court for the Southern District of New York has approved Colombia flag carrier Avianca’s disclosure statement describing the terms of its reorganisation plan.
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NewsAvianca submits reorganisation plan to US bankruptcy court
Colombia’s flag carrier Avianca has submitted a reorganisation plan to a US bankruptcy court.
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NewsAvianca Holdings chief Van der Werff selected to lead SAS
Latin American airline operator Avianca Holdings’ head, Anko Van der Werff, is to take up the position of chief executive of Scandinavian flag-carrier SAS by mid-July. Van der Werff will succeed Rickard Gustafson, who will relinquish his position in May and hand control in the interim to chief commercial officer ...
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NewsLATAM Airlines eyes Colombia expansion as restructuring continues
LATAM Airlines Group sees opportunities to refocus its attention and resources towards the Colombian market, following the collapse of its Argentinian unit last year.
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NewsAvianca A319 arrives at Bogota entangled in ‘balloon’ debris
Colombian investigators are probing an incident in which an Avianca Airbus A319 arrived at Bogota trailing a large quantity of entangled ribbon-like debris from its wings, stabiliser and fin. The airline says flight AV29 from Orlando to Bogota on 31 December was “hit by a hot-air balloon” during its landing ...
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NewsAvianca slides to $156 million third-quarter operating loss
Avianca Holdings has posted an operating loss of $156 million for the three months ended 30 September.
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NewsAvianca boosted as US court clears it to access $2 billion in financing
Colombia-based Avianca has received approval from the US Bankruptcy Court for the Southern District of New York to access the $2 billion debtor-in-possession financing for which it had secured funding commitments on 21 September.
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NewsCourt upholds decision to suspend Avianca state loan
A Colombian court has upheld its injunction barring the national government from participating in Avianca’s debtor-in-possession (DIP) financing, but the airline is confident its latest proposal will still be approved by the US bankruptcy court.
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NewsAvianca appeals injunction against $370m loan
Colombia’s Avianca, which filed for bankruptcy protection in a New York court in May, has appealed an injunction preventing disbursement of a major loan needed to keep the company afloat.
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NewsAvianca secures $370m government loan commitment
Colombia’s government has committed $370 million in aid to Avianca as part of a $2 billion financing package aimed at helping the struggling carrier weather the coronavirus downturn.
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Airline BusinessLatin American aviation’s coronavirus slumber far from over
As the global aviation industry gets used to the idea that a rebound may take three years, the sector in Latin America is looking at a particularly difficult recovery, as airlines report staggering losses, borders remain closed and governments continue withholding aid.
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Airline BusinessMore Latin American airlines could face liquidity shocks
LATAM and Avianca are Latin America’s first carriers to file for bankruptcy protection amid the pandemic, but they are unlikely to be last considering the slow pace at which the region’s governments have implemented financial assistance programmes.