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Tag: Avianca Colombia

RIO DE JANEIRO, BRAZIL - Colombian airline Avianca obtained financial commitments for US$1.6 billion to finance its exit from Chapter 11 U.S. bankruptcy law as part of its reorganization, the company announced Thursday. "As a result of the continued support...
RIO DE JANEIRO, BRAZIL - Net losses at airline Avianca Holdings increased 22% to US$1.09 billion in 2020 due to the near-paralysis of global air travel because of COVID-19, the company said on Monday, March 29th. The airline, which is...
RIO DE JANEIRO, BRAZIL - Avianca Holdings said on Thursday, November 12th, it has won the support of a large number of institutional investors and existing lenders, meaning it will no longer need the Colombian government’s participation as part...
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 -...

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