Gustavo Lenis has resigned as president of Colombia's Avianca, citing personal reasons and "having fulfilled his obligations to the company". During his eight years at the helm, Lenis upgraded the airline's internal operating systems and tried to build Bogota as a South American gateway, but Avianca has struggled as a result of Colombia's recession. Investment banker Bernado Quintero Balcazar is Avianca's new president.
Source: Airline Business
Mexican ultra-low-cost carrier Volaris earned $10 million in the second quarter of the year, up from $6 million last year, as the company mitigates the effects of the Pratt & Whitney engine inspection recall.
Cebu Pacific believes that an acquisition of compatriot AirSWIFT would give it access to “very attractive markets” as discussions over a deal continue.
Cebu Pacific is selling its two ATR freighters as its shifts back to an all-passenger fleet while continuing to serve the cargo market using belly capacity.
