Avianca

Spoiled birthday: Avianca struggles and Chapter 11 (Part II)

While Avianca celebrated its 100th birthday, its celebratory party was stopped short. Already in peril due to drama that preceded the current crisis, the airline has some tough sky to clear....


Aeromexico, Avianca and LATAM: at what chapter it all went wrong?

A trifecta of bankruptcies affected the Latin American aviation industry, as Aeromexico, Avianca and LATAM all are operating under Chapter 11 bankruptcy proceedings. But where did it all go wrong?...


Avianca gets approval for $2 billion financing package

The Colombian airline Avianca announced that the U.S Bankruptcy Court approved its financing plan for over $2 billion, which should help the airline avert its extinction. It seems that the ongoing airline’s battle for crucial financial injection slowly comes to the end.  ...


Avianca fights for over $2 billion financing

The Colombian airline Avianca announced that it has secured commitments for debtor-in-possession financing for over $2 billion. The airline desperately tries to save a financing package that is a key to the existing bankruptcy protection....


Family ties & state money: Avianca’s loan raises disputes

Colombia’s flag carrier Avianca has almostly lost hope of getting up to $370 million state loan, yet still continues to fight for survival. The airline filed an appeal on Colombian court’s decision to suspend the payout of a major loan that had been already approved. However, the decision to block the loan is based on allegedly controversial details of the financial injection....


From 100 to 0: Is Avianca behind BOC Aviation A320neo order drop?

BOC Aviation has cancelled its order for 18 A320neo aircraft after the lessor’s customer decided to buy the aircraft straight from Airbus....


Struggling Avianca to get up to $370 million state loan

Fighting-for-survival Columbian airline Avianca is about to get the government's support. Colombian government will lend up to $370 million to the struggling carrier and will participate in the airline‘s restructuring process....


Neglected after first flight: story of Avianca Boeing 787-9

Avianca’s Boeing 787-9 has a unique story. Unlike many other aircraft currently parked due to technical issues, financial difficulties or COVID-19, Avianca’s Dreamliner was grounded straight after leaving the manufacturer’s assembly line....


Avianca Peru ceasing operations, to enter liquidation

Avianca Peru, Avianca Holdings subsidiary airline, has begun a liquidation process. The airline is being dissolved after its parent company began voluntary bankruptcy proceedings earlier in May 2020. ...


Avianca Latin America’s 2nd largest airline enters administration

On May 10, 2020, Avianca Holdings, the second-largest airline group in Latin America, filed voluntary petitions under Chapter 11 in New York, the United States. The company states the move was necessary to navigate the negative consequences of the COVID-19 pandemic. This is the second time Avianca enters administration in its 100-year history. ...