Category Archives: Avianca

AviancaTaca Holding S.A. reports 2Q net income of $40 million

AviancaTaca Holding (Avianca Colombia and Taca Airlines) (Bogota) reported second quarter 2012 operating revenue of $1.0 billion, a 12.9% increase compared to the same period in 2011. This result is mainly due to a 12.9% increase in pax revenue fueled by an 11.6% increase in passenger traffic compared to the second quarter in 2011.

Capacity, measured in ASK (Available Seats per Kilometer), increased 9.6% in the second quarter of 2012 as a result of the ongoing growth and consolidation strategy of the 4 hubs (Bogota, Lima, San Salvador and San Jose, Costa Rica). During the second quarter the Company opened 5 new routes and added 19 flights to existing routes.

Load factor for the second quarter of 2012 remained unchanged at 77.7% compared to the same period last year.

Operating income in the second quarter of 2012 increased to $22.5 million, boosting operating income for the semester 19.3% compared to the year-earlier period to $70.7 million.

Net profit in the second quarter of 2012 increased 334.3% versus the same period in 2011 to $4.9 million, increasing net profit for the quarter to $40.1 million.

On June 21, 2012, Avianca and Taca Airlines officially joined the Star Alliance.

Avianca:

TACA:

Avianca and TACA Airlines join the Star Alliance

Avianca (Colombia) (Bogota) and TACA Airlines (San Salvador) yesterday (June 21) announced their official entry into the Star Alliance. The airline network is the world´s largest in terms of daily flights, route network, service excellence and number of airline members.

After two years of work in the approval process and with the adoption of the highest standards of operation and service, Avianca and TACA Airlines now offer passengers the opportunity to access this global network, which brings together 28 internationally renowned airlines. It operates more than 4,200 latest generation aircraft, servicing 21,500 daily flights to 1,356 airports in 193 countries.

Star Alliance, with 15 years of experience (since 1997) is recognized as the first truly global airline alliance. Consistent with its goal of offering customers worldwide the largest number of destinations and a great travel experience, it now offers exclusive services and assistance to frequent flyers in 990 airport lounges on all five continents. It has the support of nearly half a million employees in America, Europe, Asia, Africa and Australia.

The Alliance transports an average of 650 million passengers per year and has sales revenues of USD 160bn.

The combined Star Alliance network will provide Avianca and TACA Airlines an opportunity to strengthen their presence in Latin America and the Caribbean in general. Passengers of the global network can quickly and seamlessly fly to over 50 destinations in the region through Avianca and TACA Airlines Hubs in Bogota (Colombia), San Salvador (El Salvador), Lima (Peru) and San Jose (Costa Rica).

Top Copyright Photo: Jay Selman.

Avianca (Colombia):

TACA:

Bottom Copyright Photo: Brian McDonough.

United Airlines and Avianca announce a new code share agreement

United Airlines (Chicago) and Avianca (Bogota) signed a codeshare agreement to offer their customers more and improved flight options. The agreement allows both companies to commercialize flights operated by the other under their own code, therefore combining segments of both airlines under a single ticket. The airlines also signed afrequent flyer agreement which enables reciprocal accrual and redemption benefits on the passengers’ loyalty program of choice.

Avianca’s customers will be able to fly seamlessly to more destinations in the United States, while United customers will benefit from greater access to Colombian destinations. The codeshare agreement is effective for ticket purchase starting on May 22, 2012 for travel starting June 21. The frequent flyer agreement will be effective starting June 21. These agreements form part of the integration process that Avianca and TACA Airlines are undergoing to become member of Star Alliance.

The first phase of implementation enables Avianca’s passengers to travel to Denver, Chicago, New York/Newark and Houston, via Miami; to Houston, via Fort Lauderdale/Hollywood; and to Boston, Cleveland, Denver, New Orleans, Chicago, Phoenix, Raleigh-Durham, San Antonio, Seattle/Tacoma, and Tampa, via Washington (Dulles).

It also offers United customers the opportunity to travel to Barranquilla, Cali, Cartagena, Medellin, and Pereira via Avianca’s hub in Bogota; to Barranquilla, Cartagena, Cali, Medellin, and Bogota, via Miami; and to Bogota via Fort Lauderdale/Lauderdale, Washington (Dulles), New York (JFK), and Orlando.

Top Copyright Photo:

United Slide Show: CLICK HERE

Avianca Slide Show: CLICK HERE

Bottom Copyright Photo: Brian McDonough.

AviancaTaca Holding S.A. reports a first quarter net profit of $35 million

AviancaTaca Holding S.A., the new holding company of both Avianca (Bogota) and TACA International (San Salvador), reported a first quarter net profit of $35 million.

Read the full report (in Spanish): CLICK HERE

Top Copyright Photo: Luimer Cordero.

Avianca Slide Show: CLICK HERE

TACA Slide Show: CLICK HERE

Bottom Copyright Photo: Christian Volpati.

Avianca-TACA reports net income of $109 million in 2011

Avianca (Colombia) (Bogota) and TACA Airlines (Grupo TACA) (San Salvador) (AviancaTaca) reported a combined net income of $109 million in 2011, an increase of 229.7 percent.

Read the full report (in Spanish): CLICK HERE

In October 2009 it was announced that Avianca and TACA would merge their assets in a strategic alliance. Each airline in the group will maintain their own trademark and operations.

Top Copyright Photo: Jay Selman.

Avianca (Colombia) Slide Show: CLICK HERE

Avianca (Brazil) Slide Show: CLICK HERE

TACA Slide Show: CLICK HERE

Bottom Copyright Photo: Bruce Drum.

AviancaTaca firms up order for 51 Airbus A320 aircraft

Avianca (Colombia) Airbus A320-214 N446AV (msn 4046) MIA (Bruce Drum), originally uploaded by Airliners Gallery.

AviancaTaca, which includes subsidiary AeroGal (Ecuador), has signed a purchase agreement for 33 Airbus A320neo and 18 A320 Family aircraft. The order, which is the largest from a single airline in the region in terms of number of aircraft, follows a MOU signed during the Le Bourget Air Show in Paris in June 2011.

AviancaTaca has placed firm orders for 190 Airbus aircraft (including the latest 51) and has currently in service 88 A320 Family aircraft and eight A330. AviancaTaca operates the entire A320 Family, A318, A319, A320 and A321 aircraft.

Avianca (Colombia) Slide Show: CLICK HERE

AviancaTaca signs MOU for 51 A320 Family aircraft including 33 A320neos

TACA International Airlines (Grupo TACA) Airbus A320-233 N682TA (msn 3581) MIA (Bruce Drum), originally uploaded by Airliners Gallery.

AviancaTaca (Bogota and San Salvador) has signed a Memorandum of Understanding (MOU) with Airbus to acquire 51 A320 Family aircraft including 33 A320neos.

North American, Central American and Caribbean Route Map:

South American Route Map:

Avianca-TACA and Copa Airlines to join the Star Alliance

Avianca Airbus A330-243 N973AV (msn 1043) (90 Anos-90 Years) MIA (Brian McDonough), originally uploaded by Airliners Gallery.

Avianca (Bogota, TACA (San Salvador) and Copa Airlines (Panama City) have been accepted to join the Star Alliance.

OceanAir to become Avianca in Brazil, AeroGal to retain its name

Avianca’s (Bogota) CEO German Efromovich gave an interview in Spanish to the Colombian newspaper La Republica. In the interview the CEO talked about the Avianca-TACA merger and what would happen to subsidiaries OceanAir and AeroGal. OceanAir will assume the Avianca brand in Brazil while AeroGal will retain its own brand in Ecuador.

Spanish version of the interview:

http://www.portafolio.com.co/empresassectores/empresas/home/avianca-decide-si-entrara-a-sky-team-o-a-star-alliance-entrevista-a-german-efromovich-_7448289-3

Avianca and TACA create a new joint venture

Avianca (Bogota) and TACA (Grupo TACA) (San Salvador) have closed their new shareholders agreement. After completing the required regulatory and antitrust approvals to create the new joint venture, announced in October 2009, Synergy Aerospace Corp., majority shareholder of Avianca, and Kingsland Holding Limited, owner of Grupo TACA, announced they have closed their agreement to officially start its strategic integration.

This agreement allows the shareholders to contribute their investments in Avianca and Grupo TACA into a new company which will be named “AVIANCA-TACA Limited” based in the Bahamas, in which Synergy Aerospace Corporation will own 67 percent and Kingsland Holding Limited the other 33 percent.

Grupo TACA includes TACA International, and its share in LACSA, TACA Peru, AVIATECA, SANSA, La Costena, Aeroperlas and Islena Airlines. AVIANCA includes: Avianca, SAM and TAMPA, as well as the purchase option that Grupo Synergy has in AeroGal in Ecuador and OceanAir in Brazil.