News Listings for AVENSA

  • AB25: Copa chief executive Pedro Heilbron

    News | 22 Nov 2010 10:00

    Twenty-five years ago, few would have imagined that today Latin America would be among the leading regions in the world in terms of economic growth and development. Even fewer would have dreamed of Latin America's airlines being in the top echelon of this competitive aviation industry writes Pedro Heilbron
  • Avensa grounded

    News | 30 Jun 2003 23:00

    <p>The weakest of Venezuela's airlines has succumbed to its political and economic chaos. Avensa parked its last four aircraft at the end of May, blaming a 50% plunge in traffic over the past two years. If and when conditions improve, Avensa hopes to fly again.</p>
  • Alliance maker

    News | 31 Mar 2003 23:00

    <p>Juan Emilio Posada is overseeing the integration of three airlines that may become a Latin American model</p> <p>Midway through its integration, the Summa alliance represents the biggest voluntary consolidation of Latin American airlines in modern history. And if recent events are any sign, it may become the model for several more.</p> <p>Juan Emilio Posada never dreamed he would pilot such a pioneering project, but the forces driving consolidation in Latin American aviation are like the tide no one can stop. And, with his characteristic attention and precision, Posada is converting Colombia's crippled carriers - Avianca, Aces and SAM - into Latin America's sixth largest airline, and even more notably, into one that looks likely to make a profit. And just as he conferred with Robert Milton about Air Canada's takeover of Canadian Airlines, Posada expects management teams from Varig and TAM to beat a path to his door.</p> <p>Airline mergers are never routine. Each must confront its
  • Santa Barbara rises

    News | 01 Jan 2003 00:00

    <p>Venezuela's Avensa continues to fade as Santa Barbara Airlines, formerly a domestic carrier, replaces it on all international routes. Santa Barbara is flying a McDonnell Douglas DC-10 to the Canary Islands and Spain, and plans to operate narrowbodies to Bogot&nbsp; Quito and Lima. Avensa still codeshares with Santa Barbara, but has cut back as its finances shrink.</p>
  • Old themes with a new slant

    News | 30 Jun 2002 23:00

    <p>The annual meeting of Latin American chief executives in Miami raised some familiar themes about poor financial health and the dominance of US carriers. But this time they were heightened in the wake of 11 September</p> <p>Some familiar concerns resurfaced once more as the tenth Latin American Chief Executive conference, a respected industry forum, got underway in Miami in May. The poor financial health of many Latin airlines and the frustrating lack of co-operation among the region's governments are recurring themes, as well as the ever uneasy relations with the dominant US neighbours north of the border.  But this year, these issues were being played out against the backdrop of the 11 September attacks and the crisis which has followed.</p> <p>Among the fall-out is the massive financial assistance being given by the US government to its crisis-hit industry. Latin carriers have long complained about the advantages held by their rivals. Concerns, for example, remain about the US I
  • Feeling the pain

    News | 10 Jun 2002 23:00

    Severe trading conditions as well as traditional problems are hitting Latin American carriers, but Copa and TACA show there are solutions