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Tag: Avianca

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 -...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Over fifteen hundred flights operated by Avianca have been cancelled until Sunday, April 28th throughout Brazil, leaving thousands of passengers stranded and searching for other alternatives. “My flight was on the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The new plan approved by Avianca Brasil's creditors on Friday has displeased Brazil's anti-trust agency, CADE. Depending on which competitors buy out Avianca's main airport slots, the operation may not...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazilian airline Azul announced Monday it had made a proposal to buy part of Avianca Brasil's operations for US$105 million. “The proposal will include assets selected by Azul such as...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazilian airlines carried over 103 million passengers on domestic and international flights last year, according to the Brazilian National Civil Aviation Agency (ANAC). This volume represents an increase of...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s fourth largest airline company, Avianca, announced it is cancelling most of its international routes as of March 31st, affecting approximately 40,000 passengers. With debts totaling almost R$500 million...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s President, Michel Temer, lifted on Thursday restrictions to foreign capital participation in Brazilian airline companies. With the measure, the limit of 20 percent of foreign capital in national...
By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Azul is the only Brazilian airline company to win an award at this year's World Airline Awards by Skytrax. The company won in the category of best low-cost airline...

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