Showing posts with label Avianca. Show all posts
Showing posts with label Avianca. Show all posts

27 June, 2023

Aviation Capital Group Re-Leases Eight A320neo Aircraft in Colombia

Aviation Capital Group announced that it has signed leases with Avianca for eight Airbus A320neo aircraft. All eight aircraft are powered by CFM International LEAP-1A26 engines and are scheduled for delivery in 2023.

“We are excited about expanding our relationship with Avianca and seeing these aircraft continue to serve passengers in Colombia as well as across the Avianca network,” said Tom Baker, Chief Executive Officer and President of ACG.

“Avianca’s plan is to connect Colombia and Latin America with the world. We celebrate our growing partnership with ACG and the incorporation of these eight additional aircraft to Avianca’s fleet, which will then be composed of 150 aircraft - Passenger and Freighters,” said Adrian Neuhauser, President and CEO of Avianca.

25 May, 2022

CDB Aviation Further Expands Relationship with Avianca

CDB Aviation has signed new lease agreements with Avianca for two Airbus A330-300 Passenger to Freighter and one A320neo aircraft.

The new agreements bring the total of CDB Aviation aircraft on lease to Colombia’s flag carrier to 8. In addition to the newly leased aircraft, the carrier is expected to take delivery of an additional five A320neos from the lessor between 2022 and 2023.

“We are very pleased to broaden our collaboration with the Avianca team through the addition of these aircraft to support their passenger and cargo businesses,” commented Luís da Silva, CDB Aviation Head of Commercial, Americas. “Both the fuel-efficient neo and P2F freighters are high-in-demand aircraft, which will help advance the airline’s strategy of equipping its fleet with environmentally sustainable, new technology aircraft, as well as supporting the growth of its cargo operations to capitalize on the booming demand for air freight within Latin America.”

Francisco Raddatz, Avianca's Vice President, Fleet, said: “We are happy to strengthen our partnership with CDB Aviation supporting our passenger and cargo fleet growth.”

Gabriel Oliva, CEO of Avianca Cargo, added: "We are pleased to announce the arrival of these aircraft to our cargo fleet. With their incorporation, we will not only offer greater capacity, but also an increasingly robust and flexible route network focused on the needs of our customers and facilitating trade between Latin America and the entire world. We reaffirm our commitment to continue boosting the economies of the region, serving as a strategic ally for our customers and the industries.”

“With an expected resurgence in demand across Latin American markets we believe the planned growth initiatives of Avianca Group are very exciting as airlines are gearing up for a recovery with more versatile fleets, which are aimed to maximize network flexibility and improve efficiency and sustainability,” underscored Peter Goodman, CDB Aviation Chief Marketing Officer. “CDB Aviation’s commercial team continues to expand outreach across key markets, pursuing aircraft transactions through placements from our order book as well as identifying opportunities in the sale and leaseback channel.”

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30 April, 2022

Avianca to merge with Viva

The national carrier of Colombia Avianca has agreed to merge with low-cost rival Viva in a deal that will see the two carriers continue flying under their own brand and style. . “This new and robust group of airlines will benefit customers by using a more efficient cost structure to offer lower fares, a route network that delivers direct connections between destinations, a strong loyalty program, and friendly and efficient service. In addition, the combination will help ensure that customers in Colombia and Latin America have two airlines that serve the Latin American market," said Roberto Kriete, Avianca's main shareholder and Chairman of the Board of Directors.

"This is an important day for Viva as it is the perfect scenario to continue with our growth and expansion strategy, staying true to our goal of inclusiveness in air travel. If the authorities approve the management of both groups under the same holding company, it will encourage the growth of the air transport market, promoting low rates for users and good service with the best punctuality, allowing everyone to fly with a world of destinations. This transaction and a potential future combination will create high-skilled jobs for our employees and our suppliers. By delivering the fundamental good of bringing people together, we will positively impact the connectivity of Colombia, the region, and the economic development of the country”, added Declan Ryan, founding partner of Viva.

The deal is still subject to regulatory and local approval and authorisation, but once complete will see the group have over 130 planes and employ nearly 14,000 people. 

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14 December, 2021

CDB Aviation Signs International Aircraft Lease Agreements for Five A320neo Aircraft with Avianca

CDB Aviation announced it has agreed on aircraft lease agreements with Colombia’s flag carrier Aerovías del Continente Americano S.A. Avianca - Avianca for a fleet of five Airbus A320neo aircraft.

With deliveries from the lessor’s order book planned for 2022 and 2023, the aircraft are leased on a long-term basis and configured with three different seat types: Premium, Plus, and Economy.

“We are delighted to strengthen our partnership with the longest-running airline in the Americas through a transaction that will help drive the carrier’s new strategy, with environmentally sustainable, new technology aircraft,” commented Luís da Silva, CDB Aviation Head of Commercial, Americas. “These new technology aircraft, featuring lower fuel consumption and superior operating characteristics, will advance Avianca’s commitment to the environment and position the airline for a very bright future amidst the ensuing recovery.”

Francisco Raddatz, Avianca's Vice President, Fleet, said: “We value CDB Aviation´s support and confidence in our new business model and we are happy to continue incorporating new technology aircraft that will support our network growth reducing the environmental footprint.”

CDB Aviation’s commercial team continues to expand outreach to carriers in all aviation markets, pursuing aircraft transactions through placements from its order book as well as identifying opportunities in the sale and leaseback channel.

“With the gradual easing of travel restrictions and accelerating vaccination programs across the Americas, the region’s airlines are increasingly gearing up for a recovery with more versatile fleets that can provide network flexibility, maximize capability while minimizing risk, and improving efficiency and sustainability,” underscored Peter Goodman, CDB Aviation Chief Marketing Officer.

“Our team continues to be focused on availing the carriers of the attractive financing conditions and access to the required capacity to meet a resurgence in demand,” emphasized Goodman. “We are ready and able to execute major, complex transactions in support of our customers to address their rapidly evolving requirements and position their networks for efficient recovery,” concluded Goodman.

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27 November, 2020

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29 June, 2020

Latin America's airline apocalypse signals a future with weak competition

Bankrupt LATAM Airlines and Avianca Holdings are dramatically retrenching their once-grand ambitions amid the COVID-19 pandemic, reducing competition in Latin America as they mull once-unthinkable cooperation with rivals, reports Marcelo Rochabrun in Sao Paulo.

Since May, LATAM has exited Argentina, partnered with rival Azul SA in Brazil and cut back domestic operations in Chile, while Avianca has departed Peru.

LATAM is now open to a deeper alliance with Azul, even as the two airlines usually control a combined 60% of Brazil’s domestic market.

The scaling back could reshape air travel in Latin America, weakening competition regionally and driving up ticket prices while also helping some carriers survive. The moves show how the industry is already shrinking through attrition, as airlines are too cash-strapped to consider buying the competition.

12 May, 2020

LifeMiles Remains Strong and Members' Miles Safe as Avianca Initiates Reorganization Proceedings

LifeMiles is a separate business from airline partner Avianca, remains well capitalized and is insulated from Avianca's reorganization process

LifeMiles, Latin America's leading coalition loyalty program, today provided an update on its continued partnership with Avianca.

Due to the impact of the COVID-19 pandemic on the travel industry, Avianca has voluntarily filed reorganization proceedings under Chapter 11 of the United States Bankruptcy Code. This filing will preserve and protect Avianca's business, enabling it to reorganize its financial commitments and operations as demand for air travel recovers. Through this process, Avianca intends to preserve jobs, promote the economic recovery of its core markets and maintain its connectivity and operations. Given that Avianca's frequent flyers, which are LifeMiles members, are its most valuable customers, Avianca plans to continue honouring the LifeMiles loyalty program.  Members will continue to earn miles on Avianca flights as well as pay for Avianca tickets using their LifeMiles as normal.

"LifeMiles members can remain confident that Avianca will continue to honour the LifeMiles program, including rewarding its customers with LifeMiles and accepting LifeMiles as payment for airline tickets, as this is a critical part of Avianca's commitment to customers and its long-term success," said Matthew Vincett, Chief Executive Officer of LifeMiles. "We expect our partnership with Avianca to operate as normal during its Chapter 11 process, and we look forward to Avianca emerging from its financial reorganization stronger than ever."

"LifeMiles members are valued Avianca customers, and they can expect to accrue and redeem miles on Avianca and our partners through the LifeMiles loyalty program as normal," said Anko van der Werff, Chief Executive Officer of Avianca. "Avianca remains committed to continuing to serve customers with safe, reliable air travel and high-quality service, as COVID-19 travel restrictions are lifted."

11 May, 2020

Avianca files for bankruptcy

The number 2 airline in Latin America, Avianca has filed for bankruptcy on Sunday, as the airline has struggled to cope with the downturn in business and travel bans before of the ongoing coronavirus COVID-19 pandemic. The airline has vowed to continue to operate and serve its customers during the process. 

The airline has filed for Chapter 11 bankruptcy protection for some of its subsidiaries and affiliates.  The carrier says the filing was necessitated by the unforeseeable impact of the COVID-19 pandemic, which has resulted in a 90% decline in global passenger traffic and is expected to reduce industry revenues worldwide by $314 billion, according to the International Air Transport Association.

In parallel to its Chapter 11 filing in the U.S., Avianca intends to commence a wind-down of its operations in Peru pursuant to local laws. This decision supports essential right-sizing efforts and will
allow Avianca to renew its focus on core markets upon emergence from its court-supervised reorganization

Throughout the court-supervised process, Avianca intends to:

Protect and preserve operations so Avianca can continue to operate and serve customers with safe and reliable air travel and high-quality service, under the strictest biosafety protocols, as COVID-19 travel restrictions are gradually lifted;

Ensure connectivity and drive investment and tourism by continuing as Colombia’s flagship airline, serving over 50% of the domestic market in Colombia and providing essential non-stop service across South America, North America and European markets as well as continuing cargo operations, playing a key role in the economic recovery of Colombia and the Company’s other core markets following the COVID-19 pandemic;

Preserve jobs in Colombia and other markets where the Company operates, with Avianca directly responsible for more than 21,000 jobs throughout Latin America, including more than 14,000 in Colombia, and working with more than 3,000 vendors; and

Restructure the Company’s balance sheet and obligations to enable Avianca to navigate the effects of the COVID-19 pandemic as well as comprehensively address liabilities, leases, aircraft orders and other commitments.

01 April, 2020

Avianca performs its first freighter flight in a 787 aircraft

Avianca Cargo flew its first cargo flight in the early morning on Thursday 26th March using a normal passenger Boeing 787 aircraft.

This first flight made the route Bogota - New York - Bogota and carried approximately 40 tons of essential and priority cargo.

Amid the extraordinary situation facing the world by the spread of COVID-19, Avianca Cargo is providing uninterrupted freight transport service now with the support of aircraft and passenger crew, to contribute to the supply of food, medical equipment, toiletries, and medicines. Early today, a 787-800 aircraft, dedicated to passenger transport, made its first cargo flight, carrying nearly 20 tons of essential goods on each journey in its "belly." With this flight, the cargo operation has already been transported 15,000 tons in the means of the crisis.

The flight took off at 01:30 local time in Colombia, with 4 pilots being part of Avianca and landed at John F. Kennedy International Airport at 07:30 hours. The cargo was carried at the bottom deck of the aircraft, the section dedicated to this purpose.

23 March, 2020

From today Avianca will suspend its international operation and will reduce its domestic operation to a minimum grounding 132 aircraft

As the coronavirus COVID-19 crisis continues, most countries around the world have closed their borders, limiting mobility for domestic and foreign passengers in the region. It is a situation affecting most airlines, and Avianca is but one of them.  Therefore, starting at 00:00 hours on March 23, all international operations will be suspended and domestic operations in Colombia will be reduced by 84%. These decisions are complicated and painful for Avianca and its employees whose main purpose is to connect passengers to and from Latin America. 

Below are details of the actions that will be implemented: 

1. Complete suspension of the international operation and reduction of domestic operation in Colombia by 84%:

05 February, 2020

Telefónica expands service provision to Avianca with new security solutions

Avianca, a leading airline in Latin America and second oldest in the world, reinforces its collaboration with Telefónica Business Solutions, a leading provider of a wide range of integrated communications solutions and digital services in the B2B market, to expand the range of digital services already deployed as a result of an agreement signed between the two companies in June 2018.

Telefónica will deploy new security services across five countries. Leveraging the Akamai Intelligent Platform, the new service will manage automatically generated traffic to allow Avianca to maximize profitability whilst minimising risk. In addition, Telefónica will implement a Customer Reputation solution, which assigns reputational scores to all IP addresses, with respect to possible risks each poses for Avianca, to enhance and optimize security decisions.

15 September, 2019

Sudden sink caused ATR hard landing

Colombian air accident investigators say that The Regional Express Airlines ATR 72-600 encountered a suddenly sink or downdraft just a few moments before it was to touchdown on 7th September, which lead to a tail strike and hard landing.

The aircraft, registration HK-5041 is said to have suffered significant structural damage during the accident at Manizales in central Colombia. According to meteorological data there were no adverse weather conditions at La Nubia airport at time of the incident. 

The ATR had been performing a flight, AV4852 on behalf of Avianca from Bogota and none of the 55 passengers and crew on board was seriously injured during the incident. 

French investigation authority BEA is helping with the investigation and have briefed local media that the aircraft experienced a "sudden sink" over the threshold of the runway. 

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30 August, 2019

Avianca to pack more seats into planes as part of recovery plan, executive says

BOGOTA (Reuters) - Latin American airline Avianca AVT_p.CN will look to increase the number of passengers it can fit into a plane without enlarging its fleet as part of its efforts to overcome ongoing financial problems, its chief executive said on Thursday.

A video was released on social media this week showing president of the board Roberto Kriete telling employees that the airline was “broke.” The airline said the video was obtained illegally and denied that it was in a bankruptcy or insolvency process.

“We do not want to enter Chapter 11 (bankruptcy), obviously the negotiations on which we have focused seek to avoid having to ask for help from the courts or help from regulators and simply to reach deals that... allow us to pay everyone who we owe,” chief executive Anko van der Werff told journalists.

23 August, 2019

Avianca Brasil to Exit Star Alliance

Brazilian airline Ocean Air Linhas Aéreas S/A, headquartered in São Paulo and formerly doing business as Avianca Brasil, will formally leave Star Alliance with effect from 1 September 2019.

Ocean Air’s withdrawal follows several months of bankruptcy protection and the withdrawal of its Air Operator Certificate (AOC) by Brazilian regulator ANAC.

The Star Alliance network maintains a significant and long-time presence in the Brazilian market continuously since its founding in 1997.

13 April, 2019

Avianca Brasil cancels 179 flights as it loses appeal on aircraft

Photo Sergio Moraes 
Tragic news for Avianca Brasil as the airline was forced to cancel nearly 180 flights after a federal judge denied an appeal by the troubled carrier to hold on to nine aircraft following its entry into bankruptcy protection.

Avianca Brasil had been managing a revised schedule with a fleet of 35 aircraft, however, the judge ruled late on Friday evening that nine aircraft should be returned immediately, denying the carrier’s last-minute appeal to keep hold of the jets. 

12 April, 2019

Avianca Brasil pays in advance for fees to fly from Guarulhos

The troubled carrier Avianca Brasil has been granted permission to operate from Brazil’s largest airport, located in Guarulhos from today. The airport had previously stated it would only give approval for the financially struggling airline to fly there if it made an upfront payment of fees each day.

According to Reuters news agency, a source close to the matter has said Avianca Brasil has actually not only agreed to the restriction but also offered up front the airport imposed fees, as well as advance fees for the weekend and Monday as well. 

The carrier had for bankruptcy protection in last December and has since then been running up debts with lessors and airport operators as it continues to carry out most of its scheduled flights. according to local media reports, the airline has been running very low on cash, so much so that staff wages for March were late in being paid.

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13 December, 2018

More woes for Avianca Brazil as aircraft are repossessed but could hope be just around the corner.

Avianca Brasil, one of the largest airlines in Brazil filed for bankruptcy protection earlier this week claiming its operations had been threatened by a number of possible aircraft repossessions.

The airline says that any aircraft repossessions would hamper its ability to continuing to operate flights and therefore saves itself from certain collapse. In papers Avianca Brasil filed it states some leasing companies were seeking to regain possession of around 30% of the Airbus fleet the carrier flies. Such a reduction in the number of aircraft could affect the carries ability to fly more than 77,000 passengers in December.

However, aircraft are starting to go, Aviation Capital Group announced n Wednesday 12th that it had terminated the leases for, and has initiated legal action to repossess, eight Airbus A320-200s and one A319-100 aircraft currently in the possession of Avianca Brazil. Asia’s largest listed aircraft lessor, BOC Aviation also confirmed on Wednesday it had repossessed two Airbus A320 aeroplanes. planes. Another aircraft leasing firm, Air Castle, is appealing to the courts for 11 aircraft back from the carrier. The aircraft are still under Avianca Brasil's control, for now, its asked the courts to ensure it can keep them flying, but leasing companies are fighting hard to take them back. 

It is understood that a rescue may be on the cards at this late stage from the carriers main backers, Avianca Holdings SA owners, the Efromovich family, were in negotiations with various fund managers for a rapid implementation of extra finance to rescue the airline. However, no details of which funds, how much and when any such deals would come to fruition has been disclosed at this stage.

01 December, 2018

United Airlines expands partnership With Copa and Avianca

United Airlines confirmed today announced it has reached an agreement with Compañía Panameña de Aviación S.A. (Copa), Aerovías del Continente Americano S.A. (Avianca) and many of Avianca's affiliates, for a joint business agreement (JBA) that, pending government approval, is expected to provide substantial benefits for customers, communities and the marketplace for air travel between the United States and 19 countries in Central and South America.

16 August, 2017

Codeshare for Avianca and Singapore Airlines Plus More Euro Expansion.

Avianca and Singapore Airlines  have signed a codeshare agreement which will allow both airlines to codeshare their flights from and to Barcelona and London Heathrow from next month.

The new agreement will offer Avianca’s passengers many more options to connect to the vibrant gateway to Southern Asia - Singapore.  And from there, passengers will be able to fly to dozens of destinations from the impressive Changi International Airport, with Singapore Airlines.

Avianca will include its ‘AV’ code on flights operated by Singapore Airlines on the London – Singapore – London and Barcelona – Singapore – Barcelona. Likewise, the Asian airline will add its ‘SQ’ code to flights operated by Avianca on the London – Bogota – London and Barcelona – Bogota

27 July, 2017

Avianca Ends Flights to Venezuela

Colombian airline Avianca confirmed today (Thursday) that it will stop flying to and from Venezuela as of today due to the complicated and dangerous situation in the neighboring country.

The airline had initially planned to suspend flights during the middle of August, however  "Due to operational and security limitations in recent hours, Avianca has been forced to suspend its operations from Thursday, and not from 16th Aug as previously scheduled," the airline rushed to say in a statement today.