Avianca Holdings

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.  ...


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. ...


After Avianca Brasil, Avianca Argentina suspends operations

Two weeks after its Brazilian sister company, Avianca Argentina announced the suspension of all its commercial activities. The airline is entering a restructuring phase of its network and business model....


Avianca Brazil bankruptcy filing: jet repossession debacle

It has been a week since Avianca Brazil filed for bankruptcy protection. Faced with the prospect of repossession of a large chunk of its fleet by its multiple big-name aircraft lessors, the airline has sought for backup from the country’s judicial system. Where does that leave its aircraft?...