All Avianca articles – Page 4
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NewsAvianca 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, China ...
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NewsAvianca 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 at 35,000ft, ...
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NewsAvianca 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 scheduled ...
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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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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.
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Avianca to codeshare with Gol as it overhauls business
Avianca has disclosed that it will begin a codesharing agreement with Brazil's domestic market leader Gol, further expanding the Colombian flag carrier's network in South America's largest aviation market as it moves forward from a challenging year.
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Copa chief says three-way JV behind schedule
The paperwork for anti-trust immunity for a joint venture between United Airlines, Panama's Copa Airlines and Colombia's Avianca will likely not be filed with regulators until next year, thus pushing back a potential start for the project to 2021 at the earliest, Copa's chief executive Pedro Heilbron said at the ...
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Avianca returns to Honduras domestic market
Avianca has resumed service between Tegucigalpa and San Pedro Sula, returning to the Honduran domestic market less than a year after abandoning it.
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Banker quits Credit Suisse, takes CFO role at Avianca
Adrian Neuhauser has left Credit Suisse to take over the head financial role at Avianca as the airline moves through a period of leadership turmoil.
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Avianca names Van der Werff as new CEO
Avianca has appointed former Aeromexico executive Anko van der Werff as its new chief executive, effective 15 July.
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Avianca credit lowered a notch by Fitch
Fitch Ratings has downgraded Avianca one notch to "B-" with a negative outlook citing the airline's high financial leverage.
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AnalysisPutting numbers on the legacies of airline leaders
With airline leaders gathering in Seoul for the IATA AGM, we use Cirium’s Fleets Analyzer and schedules data to measure the legacies of the chief executives who have left their roles in the past 12 months. The AGM takes place in South Korea just weeks after the death of long-serving Korean Air chairman and chief executive Cho Yang-ho
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Avianca replaces Efromovich with Kriete as board chairman
Avianca has appointed Roberto Kriete as its new chairman, formally ousting its majority shareholder German Efromovich from the airline's board.
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United paves path for Synergy ouster at Avianca
United Airlines pledges support to Avianca, after its majority shareholder defaults on loans resulting in a ratings downgrade for the carrier.
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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.