All Avianca articles
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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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News
Avianca 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 ...
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News
Avianca 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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News
Avianca 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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News
Court 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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News
Avianca 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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News
Avianca 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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In depth
Latin 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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Analysis
More 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.
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News
Avianca reorganisation begins
Avianca says initial motions in the proceedings for reorganisation under its Chapter 11 bankruptcy filing have been approved by the US Bankruptcy Court for the Southern District of New York, allowing it to pay employees and creditors and maintain some operations.
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News
Avianca to cut back fleet and close Peru division
Latin American carrier Avianca is to shut down its Peruvian division, and cut back the fleet of other carriers, as part of the reshaping of the company being undertaken following its filing for Chapter 11 bankruptcy protection. Avianca Holdings sought protection on 10 May in a joint filing covering ...
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News
Avianca voluntarily files for Chapter 11 protection
Latin American operator Avianca is voluntarily filing for Chapter 11 bankruptcy protection with a New York court, to give the company time to re-organise its business. Avianca Holdings says the filing request, with the Southern District of New York bankruptcy court, is “necessary” given the “unpredictable impact” of the ...
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News
Avianca ceases domestic flights through mid-April
Avianca has suspended domestic flights through at least 12 April, citing the Colombian federal government’s closing of the country’s airspace, which commences 25 March.
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News
A319 upset included altitude loss and overspeed
Investigators have disclosed that an in-flight upset involving an Avianca Airbus A319 resulted in a 2,500ft loss of altitude. The aircraft had been operating a San Jose-Bogota flight and was cruising at 37,000ft, with the captain as the flying pilot, when the incident occurred. French investigation authority BEA, ...
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News
Avianca directs cancellations at A321neo fleet
Colombian carrier Avianca has cancelled or converted much of its Airbus A321neo order, switching some to the smaller A320neo variant. The change, listed in Airbus’s latest backlog revision, follows a previous cancellation of 62 A320neos by Avianca’s parent company Synergy Aerospace. Synergy wiped out its A320neo orders in ...
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News
Avianca latest to probe relationship with Airbus
Colombian carrier Avianca has engaged a law firm to conduct an independent internal investigation into its relationship with Airbus, after the airline was linked to the extensive probe into alleged bribery involving the airframer. French authorities have disclosed that Airbus orders from airlines including Avianca, Air Arabia, Korean Air, ...
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News
Avianca crew hospitalised after A319 diversion
Four occupants of an Avianca Airbus A319 have been hospitalised after an apparent turbulence incident and a diversion to Panama City. The aircraft had been operating the AV693 service from San Jose to Bogota on 23 January, says the carrier. Diversion of the flight, which had been operating ...
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News
Avianca cancels 20 A320neo orders
Colombian airline Avianca has cancelled 20 Airbus A320neo purchase commitments and delayed Airbus deliveries of A320neos until 2025, marking another step in the carrier’s financial transformation effort. “The company has reduced its firm commitments to 88 A320neo aircraft from 108,” Avianca says in a 7 January media release. “Previously ...
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News
Avianca gives up on acquiring Aeromar
Avianca has confirmed that it is no longer interested in buying Mexican regional operator Aeromar, as the Colombian carrier focuses on executing a strategic plan to restore profitability within its core business in its home country and Central America.
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News
Latin American airlines embrace equity ties with larger carriers
Leaders of Latin American carrier expressed optimism on 28 October about the increasingly common joint ventures and airline-airline equity investments, while also downplaying regional challenges as workaday hurdles.
