All Avianca articles – Page 5
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Avianca to axe Orlando service from Lima
Avianca will suspend its daily service between Lima and Orlando from 1 July, as the airline continues to trim its network to improve profitability.
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S&P downgrades Avianca owing to liquidity strain
Avianca has been downgraded by US rating agency S&P Global ratings due to refinancing risks and concerns about its deteriorating liquidity position.
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Avianca majority shareholder breaches United loan conditions
Avianca's majority shareholder Synergy has breached covenants of a 2018 loan from United Airlines that was secured by its shares in the Latin American airline, opening the door to the possibility of United taking control of Avianca even as the two Star Alliance airlines continue with joint venture talks.
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Avianca chief to depart airline next week
Avianca chief executive Hernan Rincon will leave the Bogota-based airline effective 30 April, as the carrier and its majority shareholder face increasingly challenging times.
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Safran Nacelles contracts with Azul and Avianca
Safran Nacelles will provide engine nacelle related MRO services and replacement parts to Azul Air and Avianca Holdings following long-term contracts signed with those companies.
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Avianca drops Boston and Chicago in network cuts
Avianca will cancel 11 routes beginning 1 May, and stop serving Boston and Chicago O'Hare as part of its plan to improve profitability.
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Avianca cancels 17 A320neo family aircraft, defers 35
Colombia's Avianca has cancelled deliveries of 17 Airbus A320neo family aircraft from a 100-aircraft order signed in 2015, and rescheduled deliveries of another 35 jets.
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Airline BusinessANALYSIS: Avianca slows growth in profitability pursuit
Avianca is slowing growth in 2019 as it focuses on improving profitability following a challenging year that saw slimmer profits.
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Avianca suspends merger plans with Avianca Brazil
Bogota-based Avianca says it has suspended plans to merge with sister carrier Avianca Brazil, two months after the Sao Paulo-based carrier filed for bankruptcy protection.
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Avianca to retire E190 fleet
Avianca will phase out its entire Embraer 190 fleet this year, as it targets a fleet simplification amid an overall company plan to improve profitability.
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AnalysisANALYSIS: What operators have to say about the A320neo
Nearly three years on from first delivery, the Airbus A320neo family is, in sales terms, an undoubted success story. More than 60 operators have the aircraft in service.
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Leap-powered A319neo gains joint approval from EASA and FAA
Airbus has received type certification for the CFM International Leap-1A-powered version of the A319neo.
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Avianca, Copa and United reach joint venture accord
Avianca, Copa Airlines and United Airlines have reached an accord on an immunised joint venture that will see them cooperate on flights between Latin America and the USA.
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AnalysisANALYSIS: Are Latin American carriers jumping for JOLCOs?
Latin American carriers have few issues accessing capital for their funding needs, despite various macroeconomic issues that continue to plague pockets of the region.
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Avianca's entire 787 fleet back in service
Avianca's entire Boeing 787 fleet is back in service, although the aircraft are operating with some restrictions after a "very painful" period of grounding, says Avianca chief executive Hernan Rincon.
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Copa joins joint venture talks with Avianca and United
Copa Airlines has been added to talks for a potential joint business involving Avianca and United Airlines, strengthening a possible partnership that would be better positioned to compete with similar tie-ups emerging in Latin America.
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Avianca revives plan for regional airline
Avianca has revived plans to launch a regional carrier with its fleet of ATR 72 turboprops, and will base the airline in Bogota.
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Avianca believes Lufthansa is receptive to venture proposal
Colombia's Avianca is proposing to negotiate a joint business venture with Star Alliance partner Lufthansa similar to the arrangement under discussion with United Airlines.
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Avianca to launch Munich service on 16 November
Avianca will begin nonstop service from Bogota to Munich on 16 November, FlightGlobal schedules data show.
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Avianca closes two A320neo JOLCOs
Avianca has closed Japanese operating lease with call option (JOLCO) financing for two Airbus A320neos, completing a transaction for three aircraft.