Avianca Announces Financing Agreement
@Avianca In an attempt to alleviate its financial pressures, Avianca will receive a $250 million USD loan.
Avianca Halts Lease Payments
@Avianca According to its latest press release, Avianca will defer payments on its long-term leases in an effort to save cash.
@Avianca Avianca posted a $68 million USD loss, according to its latest financial statements.
Avianca Brazil Has A320 Aircraft Registrations Withdrawn
Avianca Brazil has experienced financial difficulty recently and the carrier’s challenges are growing. Brazil’s civil aviation regulator has announced that it will be taking away the carrier’s registrations for 10 Airbus A320 aircraft. The aircraft must be returned by the 24th of January following a request from the owner of the aircraft, GECAS. Avianca Brazil’s […]
Joint Venture Formed Between Avianca, Copa, and United
A new partnership has taken place between Avianca, Copa Airlines, and United Airlines. All three are Star Alliance members and have formed an immunized joint venture, allowing partnership on services between Latin American and the USA. Under the newly formed partnership, cooperation will be established between the US and a total of 19 countries in […]
Avianca Returns B787s to Service
Avianca has experienced a difficult period, which required the grounding of its Boeing 787 aircraft. The carrier has officially announced that all of its 787 aircraft are being put back in service, although still operating under a number of restrictions, as confirmed by Hernan Rincon, Chief Executive Officer of the company. Avianca currently operates 12 […]
Copa, Avianca, and United in Joint Venture Discussions
Avianca and United Airlines have been discussing the potential of a new joint venture formed between the two players. However, Copa Airlines has now been included in the talks, expanding the potential of a new venture. Joint ventures in the aviation market have gained increasing popularity in recent times, with a lot of companies combining […]
Avianca and Lufthansa in Possible Joint Venture
The Colombian airline and national flag carrier Avianca has officially started discussions with Lufthansa on the possibility of a mutual business, similar to the discussed joint venture with United Airlines. Avianca is continuously looking to expand horizons and strengthen partnerships. Hernan Rincon, the Chief Executive Officer at Avianca, has confirmed that the carrier has entered […]
TransAsia Airways’ A330-300s and A321-200s Re-Marketed
Lai Fu Trading Co. has managed to re-market TransAsia Airways’ A330-300s and A321-200s to Avianca. Two A321-231s and two A330-343s have now joined the fleet of the Colombian airline. The carrier has other Airbus aircraft in service in addition to the TransAsia Airways aircraft. Lai Fu Trading Co. has had 53 years of experience in […]