Tag Archives: Avianca (Brazil) (OceanAir Linhas Aereas)

Reuters: Avianca Brasil cancels more flights, reduces its fleet by two-thirds

Delivered on March 2, 2017

From Reuters:

Avianca Brasil has canceled more than 1,300 flights, Brazilian media reported on Saturday, as the bankrupt airline was forced to reduce its fleet by more than two-thirds.

The cancellations, for April 19-28, are nationwide, with airports in Brasilia, Guarulhos in Sao Paulo, and Galeao in Rio de Janeiro, the hardest hit, O Estado de Sao Paulo reported.

Avianca, which filed for bankruptcy protection in December, has to return 18 leased planes after Easter, Brazil’s National Civil Aviation Agency said on Thursday, reducing its fleet to just eight aircraft.

Earlier this month, the airline had 35 planes.

Top Copyright Photo: Avianca (Brazil) (OceanAir Linhas Aereas) Airbus A320-251N WL PR-OBF (msn 7323) GRU (Rodrigo Cozzato). Image: 938773.

Avianca Brasil aircraft slide show:

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Azul signs non-binding agreement to acquire select assets of Avianca Brasil

Azul S.A, the largest airline in Brazil by number of departures and destinations, has announced today that it has signed a non-binding agreement with Avianca Brasil to acquire certain assets of Avianca Brasil for the indicative purchase price of up to US$105 million.

As provided by the Brazilian Bankruptcy and Judicial Reorganization Law, the assets will be transferred to a new entity free and clear of all debts and liabilities (“NewCo”). The proposed NewCo solely includes certain assets selected by Azul including Avianca Brasil’s operating certificate, 70 pair of slots and approximately 30 Airbus A320 aircraft.

The offer is non-binding and remains subject to a number of conditions precedent, including due diligence, regulatory and creditors approvals, and the conclusion of Avianca Brazil’s judicial reorganization. Azul estimates that the process could take up to three months to be concluded.

Azul will keep the market informed of any relevant developments.

First Airbus A320neo, delivered on October 11, 2016

Above Copyright Photo (all others by the airlines): Avianca (Brazil) (OceanAir Linhas Aereas) Airbus A320-251N WL PR-OBD (msn 7175) GRU (Rodrigo Cozzato). Image: 938772.

Avianca Brasil aircraft slide show:

If concluded, is this the end of Avianca Brasil?

Route Map:

Avianca Brasil files for bankruptcy protection

Avianca (Brazil) (OceanAir Linhas Aereas) Airbus A330-243 PR-OCX (msn 1657) JFK (Fred Freketic). Image: 944740.

Avianca Brasil on December 11, 2018 announced it was filing for bankruptcy protection.

The airline also stated its passengers flights will continue. The debts from its creditors amounts to almost 493 million reais ($127 million).

The airline issued this statement (translated from Portuguese):

We are here to clarify the news circulated in the press.

Due to the resistance of our aircraft lessors to an amicable agreement, we had to file a request for judicial recovery to protect you, our customers and passengers. As the first court decision, we have had the release of our fleet to comply with all scheduled flights at the airports where we operate.

That is, our operations WILL NOT BE AFFECTED.

You, our passengers, can have absolute peace of mind in making your reservations and purchasing your tickets, since all sales and flights are and will be kept.

We will continue here, serving all customers, flying to all destinations with the quality and excellence for which we are known and recognized.

Let’s continue with our mission: make you fall in love. Just come!

Avianca Brasil

More from Reuters:

Avianca Brasil, filed for bankruptcy protection on Monday, saying its operations had been threatened by potential repossession of aircraft, which could prevent the carrier from continuing to operate.

The unlisted airline said in its bankruptcy filing that leasing companies seeking to take back some 30 percent of its all-Airbus fleet threatened its ability to fly some 77,000 passengers in December.

Avianca said in a statement that the bankruptcy filing resulted from a failure to reach a “friendly agreement.” It also said its flights would not be affected.

The aircraft are still under Avianca Brasil’s control for now and it remains unclear what their fate will be as the carrier is asking a Brazilian court to allow it to keep the planes for now.

The airline said in the filing it largely blamed high fuel prices and a strong dollar for its troubles.

Avianca Brasil is owned by holding company Synergy Group, which also controls the better-known Avianca Holdings SA, a publicly listed airline based in Colombia. Still, the fate of one company is linked to the other.

Top Copyright Photo (all others by the airline): Avianca (Brazil) (OceanAir Linhas Aereas) Airbus A330-243 PR-OCX (msn 1657) JFK (Fred Freketic). Image: 944740.

Avianca Brasil aircraft slide show:

Route Map:

Avianca Brazil and Alitalia announce a code-share agreement

First Stretched Triple Seven, delivered on September 1, 2017

Avianca Brazil and Alitalia have announce the implementation of a code-share agreement.

At first, with its “AZ” code, the Italian airline will sell air tickets to its partner destinations in Brazil, significantly increasing its penetration in the market.

The shared network will include 21 national and international destinations in connection with Alitalia services to/from São Paulo and Rio de Janeiro: Brasilia, Cuiabá, Campo Grande, Belem, Belo Horizonte (Confins), Curitiba, Florianópolis, Fortaleza, Foz do Iguaçu, Goiânia, João Pessoa, Maceió, Natal, Navegantes, Porto Alegre, Recife, Rio de Janeiro, Salvador, São Paulo, Vitória, and Santiago, Chile, as an international destination. Sales are already available for travels from  July 3.

The agreement will expand the offer and connectivity for travelers arriving in the country with the Italian airline. Among other facilities, Alitalia customers will be able to fly to the desired destination in Brazil with a unique ticket, checking-in once at the departure airport for the entire journey, and collecting the checked baggage at the end of their trip in the arrival airport.

Currently, Avianca Brazil serves 25 domestic and four destinations abroad, with 282 daily departures, using 55 Airbus aircraft – the youngest fleet in the Americas. Alitalia, on the other hand, is the leading Italian airline and offers 18 weekly frequencies between Italy and Brazil, 11 on the Rome-São Paulo route and 7 weekly frequencies on the Rome-Rio de Janeiro route.

 

Top Copyright Photo (all others by the two airlines): Alitalia (3rd) (Societa Aerea Italiana) Boeing 777-3Q8 ER EI-WLA (msn 35783) JFK (Fred Freketic). Image: 941779.

Alitalia aircraft slide show:

Avianca Brazil aircraft slide show:

Bottom Copyright Photo: Avianca (Brazil) (OceanAir Linhas Aereas) Airbus A330-243 PR-OCK (msn 1508) MIA (Bruce Drum). Image: 104595.

Avianca (Brazil) (OceanAir Linhas Aereas) Airbus A330-243 PR-OCK (msn 1508) MIA (Bruce Drum). Image: 104595.