IBOV 175,334.46 ▲ 0.74% IPSA 10,964.11 ▲ 0.12% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,305,316 — 0.00% COLCAP 2,282.91 ▲ 0.37% BVL PERÚ 57,237.60 — — USD/BRL5.11▼ 0.10% USD/MXN17.48▲ 0.19% USD/CLP939.74▼ 0.01% USD/COP3,205▼ 0.36% USD/PEN3.40▼ 0.04% USD/ARS1,497▼ 0.03% USD/UYU40.15▲ 1.29% USD/PYG6,020▲ 1.46% USD/BOB11.32▲ 3.54% USD/DOP58.00▲ 0.78% USD/CRC449.99▲ 1.60% USD/GTQ7.62▲ 2.19% USD/HNL26.75▲ 1.51% USD/NIO36.62▲ 0.69% USD/VES740.95▼ 0.05% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.26% USD/TTD6.75▲ 1.35% EUR/BRL5.81▲ 0.38% BRENT 86.55 ▼ 2.05% WTI 81.35 ▼ 1.53% IRON ORE 161.91 — — COPPER 6.31 ▼ 0.43% GOLD 4,027 ▼ 1.16% SILVER 57.36 ▼ 1.91% SOY 1,207 ▼ 0.10% CORN 474.75 ▲ 5.09% WHEAT 652.00 ▼ 1.21% COFFEE 344.55 ▲ 6.16% SUGAR 14.54 ▼ 0.27% ORANGE JUICE 141.40 ▼ 0.25% COTTON 80.10 ▲ 0.96% COCOA 5,163 ▲ 1.24% BEEF 218.30 ▼ 3.86% CATTLE 331.28 ▼ 4.07% LITHIUM 68.63 ▲ 1.21% PETR4 41.01 ▼ 2.84% VALE3 75.69 ▲ 0.60% ITUB4 42.69 ▲ 1.40% BBDC4 18.71 ▲ 1.24% ABEV3 15.86 ▲ 1.41% BBAS3 20.50 ▲ 0.74% B3SA3 15.72 ▲ 1.81% WEGE3 46.40 ▲ 0.89% PRIO3 55.71 ▼ 5.29% SUZB3 41.87 ▲ 0.07% RENT3 37.72 ▲ 2.25% AZZA3 17.11 ▲ 2.76% CSAN3 3.95 ▲ 3.95% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 1.79% GMAT3 3.83 ▲ 1.06% PSSA3 54.29 ▼ 0.89% CVCB3 1.36 ▲ 1.49% POSI3 3.52 ▼ 0.85% SLCE3 13.38 ▼ 1.91% NATU3 8.49 ▲ 1.31% BRKM5 6.08 ▼ 0.33% RANI3 7.93 ▼ 0.25% CSNA3 5.71 ▲ 6.53% CMIN3 5.80 ▲ 1.93% USIM5 8.61 ▲ 1.53% GGBR4 24.48 ▲ 0.91% ENEV3 25.47 ▲ 2.29% CPFE3 44.75 ▼ 0.75% CMIG4 11.17 ▲ 1.73% EQTL3 38.80 ▲ 1.20% LREN3 13.73 ▲ 3.47% VIVT3 36.11 ▲ 2.26% RAIL3 13.80 ▲ 1.69% KLABIN 17.68 ▲ 0.91% RAIA DROGASIL 18.17 ▲ 1.06% RDOR3 33.60 ▲ 0.66% HAPV3 10.19 ▲ 2.72% FLRY3 16.53 ▲ 1.66% SMTO3 14.67 ▼ 2.52% UGPA3 32.09 ▼ 1.90% VBBR3 34.50 ▼ 1.71% BBSE3 40.54 ▼ 2.29% BPAC11 55.55 ▲ 1.61% CURY3 30.39 ▲ 3.54% AERI3 2.05 ▲ 0.49% VIVARA 22.01 ▲ 2.75% COMPASS 25.30 ▲ 2.18% VAMOS 3.17 ▲ 0.63% SANB11 27.36 ▲ 3.87% ASAI3 8.11 ▲ 3.31% SBSP3 28.87 ▲ 1.73% WALMEX 48.52 ▲ 0.92% GMEXICO 209.50 ▲ 1.07% FEMSA 230.17 ▲ 3.68% CEMEX 21.37 ▲ 1.09% GFNORTE 196.59 ▲ 2.25% BIMBO 59.24 ▲ 1.59% TELEVISA 9.93 ▲ 1.22% AMX 22.49 ▼ 1.40% GAP 377.40 ▲ 0.10% ASUR 268.57 ▲ 0.30% OMA 228.74 ▲ 1.15% KOF 189.00 ▲ 5.35% GRUMA 267.85 ▼ 0.01% KIMBER 39.92 ▲ 0.71% SQM-B 64,650 ▼ 1.07% COPEC 6,249 ▼ 1.28% BSANTANDER 80.77 ▲ 1.83% FALABELLA 6,155 ▲ 2.75% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,915 ▼ 2.20% CMPC 1,040 ▲ 1.41% BANCO CHILE 193.26 ▲ 0.08% LATAM AIR 24.60 ▲ 3.02% YPF 81,225 ▼ 0.95% GGAL 7,960 ▲ 0.89% PAMPA 5,475 ▼ 0.73% TXAR 675.00 ▲ 0.15% ALUAR 984.50 ▲ 1.29% TGS 9,710 ▼ 0.56% CEPU 2,383 ▲ 0.76% MIRGOR 16,825 ▲ 1.82% COME 42.46 ▲ 0.12% LOMA NEGRA 3,700 ▲ 2.49% BYMA 302.75 ▲ 0.75% TELECOM ARG 4,490 ▲ 2.51% ECOPETROL 15.80 ▼ 1.31% BANCOLOMBIA 87.93 ▲ 2.23% GRUPO AVAL 4.82 ▲ 0.84% CREDICORP 390.99 ▲ 0.66% SOUTHERN COPPER 179.32 ▲ 0.02% BUENAVENTURA 31.72 ▲ 2.62% MERCADOLIBRE 1,820 ▲ 1.02% NUBANK 14.53 ▲ 3.12% XP 16.74 ▲ 0.30% PAGSEGURO 9.38 ▲ 1.96% STONE 10.89 ▲ 1.21% GLOBANT 32.64 ▲ 4.28% TECNOGLASS 45.44 ▲ 0.31% GAP AIRPORT 216.27 ▼ 0.00% ASUR 268.57 ▲ 0.30% OMA AIRPORT 104.80 ▲ 1.32% AMX ADR 25.70 ▼ 1.19% FEMSA ADR 132.15 ▲ 3.96% CEMEX ADR 12.21 ▲ 1.24% PETROBRAS ADR 18.00 ▼ 4.10% VALE ADR 14.78 ▼ 0.07% ITAU ADR 8.37 ▲ 1.09% SANTANDER BR 5.44 ▲ 2.64% AMBEV ADR 3.07 ▲ 0.33% CSN 1.12 ▲ 3.70% GERDAU 4.83 ▲ 0.42% LATAM ADR 52.27 ▲ 4.23% BTC 63,507 ▼ 0.34% ETH 1,878 ▼ 0.65% SOL 73.15 ▼ 1.34% XRP 1.05 ▼ 1.15% BNB 566.16 ▲ 0.08% ADA 0.16 ▲ 0.95% DOGE 0.07 ▼ 0.52% AVAX 6.47 ▲ 1.16% LINK 8.31 ▼ 0.67% DOT 0.76 ▲ 0.61% LTC 46.52 ▲ 1.13% BCH 213.20 ▲ 0.70% TRX 0.33 ▲ 0.23% XLM 0.17 ▼ 0.34% HBAR 0.07 ▼ 0.61% NEAR 1.68 ▼ 0.26% ATOM 1.30 ▼ 0.17% AAVE 96.98 ▼ 0.89% SELIC 14.25% EMBRAER 86.90 ▲ 5.33% EMBRAER ADR 67.99 ▲ 4.71% JBS 13.55 ▲ 10.34% JBS BDR 69.23 ▲ 11.59% MBRF3 15.89 ▲ 7.08% MBRFY 2.96 ▲ 0.68% INTER 5.56 ▲ 5.10% EGX 53,910 ▲ 0.51% USD/ZAR16.79▲ 0.15% USD/NGN 1,361 — 0.00% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,985 ▼ 0.04% KOSPI 6,024 ▼ 10.84% JCI 6,131 ▼ 0.89% USD/JPY163.92▲ 0.10% USD/CNY6.76▼ 0.10% DAX 25,451 ▲ 0.36% CAC 8,430 ▲ 0.28% FTSE 10,836 ▲ 0.50% MIB 52,026 ▼ 0.06% IBEX 19,787 ▲ 0.23% STOXX 645.68 ▲ 0.16% EUR/USD1.14▼ 0.04% GBP/USD1.33▼ 0.53% SPX 7,413 ▲ 0.02% DJI 52,210 ▲ 0.51% NDX 28,039 ▼ 0.32% RUT 2,948 ▲ 0.62% TSX 35,568 ▲ 0.56% VIX 18.98 ▲ 1.66% USD/CAD1.41▼ 0.09% US10Y 4.6410 ▼ 0.81% IBOV 175,334.46 ▲ 0.74% IPSA 10,964.11 ▲ 0.12% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,305,316 — 0.00% COLCAP 2,282.91 ▲ 0.37% BVL PERÚ 57,237.60 — — USD/BRL 5.11 ▼ 0.10% USD/MXN 17.48 ▲ 0.19% USD/CLP 939.74 ▼ 0.01% USD/COP 3,205 ▼ 0.36% USD/PEN 3.40 ▼ 0.04% USD/ARS 1,497 ▼ 0.03% USD/UYU 40.15 ▲ 1.29% USD/PYG 6,020 ▲ 1.46% USD/BOB 11.32 ▲ 3.54% USD/DOP 58.00 ▲ 0.78% USD/CRC 449.99 ▲ 1.60% USD/GTQ 7.62 ▲ 2.19% USD/HNL 26.75 ▲ 1.51% USD/NIO 36.62 ▲ 0.69% USD/VES 740.95 ▼ 0.05% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.26% USD/TTD 6.75 ▲ 1.35% EUR/BRL 5.81 ▲ 0.38% BRENT 86.55 ▼ 2.05% WTI 81.35 ▼ 1.53% IRON ORE 161.91 — — COPPER 6.31 ▼ 0.43% GOLD 4,027 ▼ 1.16% SILVER 57.36 ▼ 1.91% SOY 1,207 ▼ 0.10% CORN 474.75 ▲ 5.09% WHEAT 652.00 ▼ 1.21% COFFEE 344.55 ▲ 6.16% SUGAR 14.54 ▼ 0.27% ORANGE JUICE 141.40 ▼ 0.25% COTTON 80.10 ▲ 0.96% COCOA 5,163 ▲ 1.24% BEEF 218.30 ▼ 3.86% CATTLE 331.28 ▼ 4.07% LITHIUM 68.63 ▲ 1.21% PETR4 41.01 ▼ 2.84% VALE3 75.69 ▲ 0.60% ITUB4 42.69 ▲ 1.40% BBDC4 18.71 ▲ 1.24% ABEV3 15.86 ▲ 1.41% BBAS3 20.50 ▲ 0.74% B3SA3 15.72 ▲ 1.81% WEGE3 46.40 ▲ 0.89% PRIO3 55.71 ▼ 5.29% SUZB3 41.87 ▲ 0.07% RENT3 37.72 ▲ 2.25% AZZA3 17.11 ▲ 2.76% CSAN3 3.95 ▲ 3.95% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 1.79% GMAT3 3.83 ▲ 1.06% PSSA3 54.29 ▼ 0.89% CVCB3 1.36 ▲ 1.49% POSI3 3.52 ▼ 0.85% SLCE3 13.38 ▼ 1.91% NATU3 8.49 ▲ 1.31% BRKM5 6.08 ▼ 0.33% RANI3 7.93 ▼ 0.25% CSNA3 5.71 ▲ 6.53% CMIN3 5.80 ▲ 1.93% USIM5 8.61 ▲ 1.53% GGBR4 24.48 ▲ 0.91% ENEV3 25.47 ▲ 2.29% CPFE3 44.75 ▼ 0.75% CMIG4 11.17 ▲ 1.73% EQTL3 38.80 ▲ 1.20% LREN3 13.73 ▲ 3.47% VIVT3 36.11 ▲ 2.26% RAIL3 13.80 ▲ 1.69% KLABIN 17.68 ▲ 0.91% RAIA DROGASIL 18.17 ▲ 1.06% RDOR3 33.60 ▲ 0.66% HAPV3 10.19 ▲ 2.72% FLRY3 16.53 ▲ 1.66% SMTO3 14.67 ▼ 2.52% UGPA3 32.09 ▼ 1.90% VBBR3 34.50 ▼ 1.71% BBSE3 40.54 ▼ 2.29% BPAC11 55.55 ▲ 1.61% CURY3 30.39 ▲ 3.54% AERI3 2.05 ▲ 0.49% VIVARA 22.01 ▲ 2.75% COMPASS 25.30 ▲ 2.18% VAMOS 3.17 ▲ 0.63% SANB11 27.36 ▲ 3.87% ASAI3 8.11 ▲ 3.31% SBSP3 28.87 ▲ 1.73% WALMEX 48.52 ▲ 0.92% GMEXICO 209.50 ▲ 1.07% FEMSA 230.17 ▲ 3.68% CEMEX 21.37 ▲ 1.09% GFNORTE 196.59 ▲ 2.25% BIMBO 59.24 ▲ 1.59% TELEVISA 9.93 ▲ 1.22% AMX 22.49 ▼ 1.40% GAP 377.40 ▲ 0.10% ASUR 268.57 ▲ 0.30% OMA 228.74 ▲ 1.15% KOF 189.00 ▲ 5.35% GRUMA 267.85 ▼ 0.01% KIMBER 39.92 ▲ 0.71% SQM-B 64,650 ▼ 1.07% COPEC 6,249 ▼ 1.28% BSANTANDER 80.77 ▲ 1.83% FALABELLA 6,155 ▲ 2.75% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,915 ▼ 2.20% CMPC 1,040 ▲ 1.41% BANCO CHILE 193.26 ▲ 0.08% LATAM AIR 24.60 ▲ 3.02% YPF 81,225 ▼ 0.95% GGAL 7,960 ▲ 0.89% PAMPA 5,475 ▼ 0.73% TXAR 675.00 ▲ 0.15% ALUAR 984.50 ▲ 1.29% TGS 9,710 ▼ 0.56% CEPU 2,383 ▲ 0.76% MIRGOR 16,825 ▲ 1.82% COME 42.46 ▲ 0.12% LOMA NEGRA 3,700 ▲ 2.49% BYMA 302.75 ▲ 0.75% TELECOM ARG 4,490 ▲ 2.51% ECOPETROL 15.80 ▼ 1.31% BANCOLOMBIA 87.93 ▲ 2.23% GRUPO AVAL 4.82 ▲ 0.84% CREDICORP 390.99 ▲ 0.66% SOUTHERN COPPER 179.32 ▲ 0.02% BUENAVENTURA 31.72 ▲ 2.62% MERCADOLIBRE 1,820 ▲ 1.02% NUBANK 14.53 ▲ 3.12% XP 16.74 ▲ 0.30% PAGSEGURO 9.38 ▲ 1.96% STONE 10.89 ▲ 1.21% GLOBANT 32.64 ▲ 4.28% TECNOGLASS 45.44 ▲ 0.31% GAP AIRPORT 216.27 ▼ 0.00% ASUR 268.57 ▲ 0.30% OMA AIRPORT 104.80 ▲ 1.32% AMX ADR 25.70 ▼ 1.19% FEMSA ADR 132.15 ▲ 3.96% CEMEX ADR 12.21 ▲ 1.24% PETROBRAS ADR 18.00 ▼ 4.10% VALE ADR 14.78 ▼ 0.07% ITAU ADR 8.37 ▲ 1.09% SANTANDER BR 5.44 ▲ 2.64% AMBEV ADR 3.07 ▲ 0.33% CSN 1.12 ▲ 3.70% GERDAU 4.83 ▲ 0.42% LATAM ADR 52.27 ▲ 4.23% BTC 63,507 ▼ 0.34% ETH 1,878 ▼ 0.65% SOL 73.15 ▼ 1.34% XRP 1.05 ▼ 1.15% BNB 566.16 ▲ 0.08% ADA 0.16 ▲ 0.95% DOGE 0.07 ▼ 0.52% AVAX 6.47 ▲ 1.16% LINK 8.31 ▼ 0.67% DOT 0.76 ▲ 0.61% LTC 46.52 ▲ 1.13% BCH 213.20 ▲ 0.70% TRX 0.33 ▲ 0.23% XLM 0.17 ▼ 0.34% HBAR 0.07 ▼ 0.61% NEAR 1.68 ▼ 0.26% ATOM 1.30 ▼ 0.17% AAVE 96.98 ▼ 0.89% SELIC 14.25% EMBRAER 86.90 ▲ 5.33% EMBRAER ADR 67.99 ▲ 4.71% JBS 13.55 ▲ 10.34% JBS BDR 69.23 ▲ 11.59% MBRF3 15.89 ▲ 7.08% MBRFY 2.96 ▲ 0.68% INTER 5.56 ▲ 5.10% EGX 53,910 ▲ 0.51% USD/ZAR 16.81 ▲ 0.37% USD/NGN 1,361 — 0.00% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,985 ▼ 0.04% KOSPI 6,024 ▼ 10.84% JCI 6,131 ▼ 0.89% USD/JPY 163.93 ▲ 0.14% USD/CNY 6.7590 ▲ 0.07% DAX 25,451 ▲ 0.36% CAC 8,430 ▲ 0.28% FTSE 10,836 ▲ 0.50% MIB 52,026 ▼ 0.06% IBEX 19,787 ▲ 0.23% STOXX 645.68 ▲ 0.16% EUR/USD 1.1361 ▼ 0.12% GBP/USD 1.3277 ▼ 0.11% SPX 7,413 ▲ 0.02% DJI 52,210 ▲ 0.51% NDX 28,039 ▼ 0.32% RUT 2,948 ▲ 0.62% TSX 35,568 ▲ 0.56% VIX 18.98 ▲ 1.66% USD/CAD 1.4112 ▼ 0.06% US10Y 4.6410 ▼ 0.81%
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Business - Brazil Rio de Janeiro

Avianca Colombia Begins to set up Operations in Brazil

By · May 16, 2019 · 2 min read

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By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Avianca Brazil suffered another severe blow. A couple of days ago, executives from Avianca Airlines – the “mother” company of the Colombian group also controlled by businessman Germán Efromovich – landed in São Paulo to design the new structure of the conglomerate after the increasingly likely demise of Avianca Brasil.

Germán Efromovich bought Avianca, Colombia's national airline, in 2004, for US$ 2 billion, plus the assumption of US$ 220 million in debt and leasing liabilities.
Germán Efromovich bought Avianca, Colombia’s national airline, in 2004, for US$2 billion, plus the assumption of US$ 220 million in debt and leasing liabilities. (Photo Alamy)
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The Colombians are already talking to Azul, Gol, and Latam regarding agreements to share flights within Brazilian territory.

Sharing flights with Azul, Gol, and Latam will enable Brazilians to fly on a domestic route operated by competitors and then board an Avianca Airlines flight abroad, according to a source close to the negotiations.

The Colombian company intends to sign these contracts by the second semester. Currently, all flights of the group in Brazil are shared with Avianca Brasil.

The Colombian group also wants to build a commercial structure in Brazil for the sale of international tickets. Currently, the mother brand operates direct flights to Bogotá and Lima, running regularly.

Faced with the tarnished image of the brand in Brazil, the search for these flights has decreased significantly.

The Colombian group Avianca continues to operate regularly, though it is not experiencing a good moment and recently announced the reduction of operations.

In March, the company announced the end of flights to Chicago and Boston, as well as the reduction of flights to New York from Latin American capitals. The company explained the decision as a strategy to increase profitability.

Besides, Avianca Colombia has reduced its demand for aircraft to European Airbus for the coming years.

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