Avianca

New York court endorsed Avianca to continue paying its employees | ECONOMY

by

The Southern District Court of New York approved the first requests for Avianca Holdings after submitting to the bankruptcy law of the United States for a reorganization, which includes the guarantee to “continue paying its employees, agencies and allied suppliers,” the company reported. “Avianca’s successful first hearing denotes an important achievement in relation to the … Read more

“The loan is just that, a loan that we are going to pay”: Avianca | THE UNIVERSAL

by

In recent days Avianca has divided public opinion, on the one hand, the satisfaction of many at being one of the first airlines to resume flights yesterday, after five months of being restricted by COVID-19, and on the other the discussion by the 370 million dollar loan that the national government approved in order to … Read more

Covid-19: Controversy continues over state credit to Avianca – Companies – Economy

by

In the midst of the controversy over the loan of up to 370 million dollars that the Government approved for Avianca Holdings, as part of its financial recovery plan under Chapter 11 of the Bankruptcy Code of the United States, the executive president of the company, Anko van der Werff, emphatically reiterated that the company … Read more

Avianca will operate the Barranquilla-Bogotá route from September 1

by

The Colombian airline Avianca once again takes to the skies of the country from this next Tuesday, September 1, within the framework of the national air reactivation. The return of operations will be in two phases: from September 1 and from September 7 of the same month. One of the confirmed routes for next Tuesday … Read more

Avianca will resume its domestic flights next Tuesday

by

After 5 months of paralysis, Avianca will resume its domestic flights next Tuesday. The itineraries with which Avianca will resume its commercial flights as of September 1 go from Bogotá to: Barranquilla, Bucaramanga, Cali, Cartagena, Cúcuta, Medellín, Montería, Pereira and San Andrés. Starting September 7, from Bogotá to: Pasto, Santa Marta, Villavicencio and from Medellín … Read more

The owners of Avianca are imprisoned, which I will buy …

by

The majority shareholders of the Avianca Group, Germán and José Efromovich, were arrested in Brazil accused of having paid bribes for 732,000 dollars, within the framework of the megacause known as Car wash. These are the same entrepreneurs who bought from the Macri family the air taxi company Macair in 2016. Colombian businessmen are investigated … Read more

How long can Avianca Holdings take to get out of bankruptcy law – Business – Economy

by

After Avianca Holdings filed the application to file for Chapter 11 of the United States Bankruptcy Code, its managers noted that the process could take 12 months. However, those who know about these processes explain that the time may be longer, since it is not only about reorganizing the operation of the company, but also … Read more

Avianca Holdings share will not continue to fly on the New York Stock Exchange because they will remove it – Companies – Economy

by

A six-year journey in the stock market was the one made by the stock of Avianca Holdings in New York, represented in the so-called ADS (American Depositary Shares), titles that group shares of the company’s preferences, which in their case were eight shares for each title. This Tuesday, the same Avianca Holdings revealed that, as … Read more