Avianca has closed a $71.5 million spare engine facility, says the bank arranging the deal.
Credit Agricole CIB is sole arranger and administrative agent on the transaction which closed at the end of August.
The deal was upsized, says a source from Credit Agricole CIB.
Source: Cirium Dashboard
Colombia’s Avianca saw earnings rise in 2023 as it transported 31.9 million passengers, the most in its history, while keeping costs in check.
With traffic surging in Latin America, Adrian Neuhauser has turned Avianca into a low-cost operator that draws on the strengths of its network-carrier past
Avianca chief executive Adrian Neuhauser will take the helm of Abra Group, which owns Avianca and Brazil’s Gol, in January, while remaining executive vice-chairman of the Colombian carrier’s board of directors.
