Tag Archives: Avianca Colombia

Avianca Holdings, United Airlines And Kingsland Holdings agree to terms for loan to be provided to Avianca

Avianca (Colombia) Boeing 787-8 Dreamliner N780AV (msn 37502) LAX (Ron Monroe). Image: 947817.

Avianca Holdings has reached agreement with United Airlines and Kingsland Holdings S.A. regarding the terms of United and Kingsland’s proposed financing to AVH of up to US $250 million, and established the conditions precedent to the transaction.

United and Kingsland have agreed to provide Avianca a four-year loan at an interest rate of 3%; interest will be paid-in-kind until maturity, granting Avianca greater financial flexibility. The loan will convert into shares at Avianca’s option –at an equivalent price per share of US $4.6217, representing a 35% premium over the 90-day weighted average price through October 3, 2019– subject to certain conditions, including AVH’s share price consistently trading above seven dollars; the loan may also be converted into shares voluntarily at the discretion of United Airlines and Kingsland Holdings. The financing will be secured by a pledge of stock in AVH’s major subsidiaries.

Drafting of final documentation is ongoing and is expected to be executed by mid-October. Funding remains subject to certain other conditions, including the successful conclusion of Avianca’s debt reprofiling plan in a manner consistent with the Avianca 2021 plan, as well as the closing of the company’s exchange offer for its US$550 million 2020 bond.

Avianca continues to work on quickly finalizing negotiations with its creditors and fulfilling the conditions necessary to conclude the bond exchange offer, in order to expeditiously close the stakeholder loan.

Once this process is concluded, Avianca expects to offer its preferred shareholders the opportunity to participate in US $125 million financing under similar conditions.

Top Copyright Photo: Avianca (Colombia) Boeing 787-8 Dreamliner N780AV (msn 37502) LAX (Ron Monroe). Image: 947817.

Avianca aircraft slide show:

Avianca Airlines enters its 100th year of uninterrupted operation, will expand in Europe

Avianca (Colombia) Boeing 787-8 Dreamliner N780AV (msn 37502) LHR (SPA). Image: 940718,

Avianca has made this announcement:

In 2019 Avianca Airlines, the only airline which connects directly London with Bogota, will celebrate its 100-year anniversary. It ratifies its position as the oldest airline in the Americas and the oldest in the world with uninterrupted operations.

In order to lay the foundations for the next century, Avianca wants to increase its presence in Europe and continue to offer an exceptional experience to its customers supported by the best technology available. “We are evaluating the possibility of adding a second frequency to London in the near future,” says Hernan Rincon, CEO and Executive President of Avianca Airlines. “Regarding new destinations, Zurich looks attractive as the next destination in Europe due to its location at the center of Europe. Moreover, the airline is also considering Rome and Paris,” added.

Avianca Airlines maintains a strong presence in Europe through different actions:

New Boeing 787: On October 2018, Avianca received its thirteenth Boeing 787, which it uses exclusively for flights to Europe. Its fleet is one of the newest in The Americas – seven years old on average- and all its flights to this continent are operated on Boeing 787, one of the most modern aircraft in the world. This aircraft can accommodate 250 passengers, 28 in business class and 222 in economy class. Its revolutionary design, together with cutting edge technology, reduces the effects of fatigue and jet lag. In addition, it has an innovative in-flight entertainment system, which has been recognized as the best in Latin America. All together contributing to an exceptional experience.

Route network: From Bogota, Avianca’s main hub, European passengers have access to more than 100 destinations within the Americas such as: Cusco in Peru, Galapagos in Ecuador, San Jose in Costa Rica, Medellinand Cartagena in Colombia, among others. On November 17th, the airline inaugurated the route MunichBogota. The carrier is the first Latin American airline to operate at this airport.

Avianca Airlines transported more than 1 million passengers between Europe and Colombia in 2018.

Top Copyright Photo (all others by the airline): Avianca (Colombia) Boeing 787-8 Dreamliner N780AV (msn 37502) LHR (SPA). Image: 940718,

Avianca aircraft slide show:

Below Copyright Photo: Avianca Colombia Boeing 747-124 HK-2000 (msn 19734) MIA (Bruce Drum). Image: 102771.

AV on the tail - Best Seller

Below Copyright Photo: Avianca Colombia Boeing 720-059B HK-726 (msn 18831) MEX (Jacques Guillem Collection). Image: 940592.

Named "Narino", delivered on April 8, 1965 - Best Seller

Route Map (in Spanish):

Avianca to fly from Bogota to Chicago

Avianca (Colombia) Airbus A319-132 WL N690AV (msn 5944) FLL (Bruce Drum). Image: 104656.

Avianca (Colombia) on November 17, 2018 will launch the Bogota – Chicago (O’ Hare) route. According to Airline Route, the new route will operate four days a week with Airbus A319s.

Copyright Photo: Avianca (Colombia) Airbus A319-132 WL N690AV (msn 5944) FLL (Bruce Drum). Image: 104656.

Avianca aircraft slide show:

Avianca is coming to Munich

Avianca (Colombia) Boeing 787-8 Dreamliner N786AV (msn 37508) LHR (SPA). Image: 935193.

Avianca (Colombia) is coming to Munich. The carrier will add a new route linking Bogota with Munich fives days a week starting on November 16. The new route will be operated with Boeing 787-8 Dreamliners according to Airline Route.

Copyright Photo: Avianca (Colombia) Boeing 787-8 Dreamliner N786AV (msn 37508) LHR (SPA). Image: 935193.

Avianca aircraft slide show:

Avianca salutes the 2016 Summer Olympics Colombia Football Team

Saluting the 2016 Summer Olympics Colombia Football Team

Copyright photo: Avianca (Colombia) Airbus A319-115 N726AV (2016 Summer Olympics Colombia Football Team) IAD (Brian McDonough). Image: 933881.

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Avianca firms up its order for 100 Airbus A320neo Family aircraft

Airbus (Toulouse) has issued this statement:

Airbus logo (large)

Following a Memorandum of Understanding (MOU) announcement in February, Avianca (Bogota) has signed a purchase agreement for 100 A320neo Family aircraft, the largest single order ever made in Latin America’s aviation history. The agreement, which includes A319neo, A320neo and A321neo aircraft (below), will allow Avianca to maintain one of the youngest fleets in the region as the airline aims to replace airplanes currently operating from their Bogota, Lima and San Salvador hubs.

Avianca A320neo and A321neo (Flt)(Airbus)(LRW)

Image Above: Airbus.

Avianca (2013) logo

Established in Colombia in 1919, Avianca was the first airline in the Americas, and is the second oldest airline in the world. The Airbus-Avianca partnership was taken to a new level in 1998 when TACA (now part of Avianca), LAN, and TAM placed a joint order for 90 single-aisle aircraft. This was the largest joint contract ever signed in Latin American commercial aviation history. To date, the Avianca airline group has ordered nearly 300 aircraft including 276 A320 Family (among them, 133 A320neo Family) and 15 A330 Family.

To date, the A320neo program has 345 firm orders from six customers in Latin America — Avianca, Azul, Interjet, LATAM Airlines Group, VivaAerobus and Volaris. With more than 950 aircraft sold and a backlog of nearly 500, more than 550 Airbus aircraft are in operation throughout Latin America and the Caribbean. In the last 10 years, Airbus has tripled its in-service fleet, while delivering more than 60 percent of all aircraft operating in the region.

Top Copyright Photo: Jay Selman/AirlinersGallery.com. Avianca will remain an Airbus A320 Family operator. Current generation Airbus A320-214 N724AV (msn 6153) climbs away from Miami International Airport (MIA).

Avianca (Colombia) aircraft slide show: AG Airline Slide Show

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United Airlines considers the Airbus A321LR as a Boeing 757 replacement

United Airlines (Chicago) is now considering the new Airbus A321LR (Longer Range) as a thin route replacement aircraft to its large and aging Boeing 757 fleet according to Reuters.

Boeing is now finally agreeing to look at this noticeable gap in its line-up between the Boeing 737-900ER and the 787-8 Dreamliner. Boeing stated on Monday is was discussing studies of a model slightly larger than the 757 with greater range.

United has also said it will look at what Boeing comes up with but it could be too late as Airbus is making inroads in this niche airplane market.

Avianca is also considering the Boeing 787-9 according to the article.

Read the full article: CLICK HERE

Copyright Photo: Fred Freketic/AirlinersGallery.com. United is a large Boeing 757 operator (second to Delta) and also, because of the merger between United and Continental, is a large Boeing 737 and Airbus A320 operator. The 757-200 (especially with the pictured Aviation Partners Boeing Blended Winglets) is ideal for the summer trans-Atlantic long and thin European markets. Boeing 757-222 N568UA (msn 26674) is seen at JFK International Airport in New York.

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