Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Viva Air"


7 mentions found


The exterior of the Avianca administrative office is pictured, as officers from Colombia's attorney general's office conduct a raid inside, in Bogota, Colombia February 12, 2020. REUTERS/Luisa Gonzalez/File Photo Acquire Licensing RightsBOGOTA, Sept 7 (Reuters) - Colombia's flag-carrier airline Avianca will invest $473 million to grow its fleet by 16 aircraft as it looks to increase the number of routes on offer, Chief Executive Adrian Neuhauser said on Thursday. Avianca will lease 14 Airbus A320 NEO planes and two A320 CEO planes to push its daily flights on domestic routes up by almost 25%, from 600 to 750. Neuhaser during a press conference in Colombia's Bogota called the increase of almost 1 million weekly seats "unprecedented growth" in the airline's history. The 16 planes will join Avianca's fleet between October and the end of December, the executive said.
Persons: general's, Luisa Gonzalez, Adrian Neuhauser, Avianca, Neuhaser, Luis Jaime Acosta, Oliver Griffin, Mark Porter Organizations: REUTERS, Rights, Viva Air, Thomson Locations: Bogota, Colombia, Rights BOGOTA, Colombia's Bogota, Avianca's, Colombian
Colombia's Avianca backs down from Viva Air merger
  + stars: | 2023-05-13 | by ( ) www.reuters.com   time to read: +1 min
BOGOTA, May 13 (Reuters) - Colombia's flagship airline Avianca is backing down from a merger with Viva Air, blaming conditions set by the country's aviation regulator, the company announced Saturday. In a statement, Avianca said conditions set by the regulator "would not allow Viva to be a financially and operationally viable airline," and also put Avianca's stability at risk. Colombia's aviation regultaor did not immediately respond to a request for comment. Colombia's aviation regulator approved the merger in late April after repeated delays, with the civil aviation authority objecting to the deal last November, before annulling and reopening the process in January after citing procedural irregularities. Amid the limbo, Viva Air abruptly suspended operations in late February, leaving passengers stranded in airports across the country.
Airbus Jan-April deliveries fall 5%, regains lead over Boeing
  + stars: | 2023-05-09 | by ( ) www.reuters.com   time to read: +1 min
The world's largest planemaker also sold five planes in April, all of them to undisclosed companies or private customers. That brought new orders so far this year to 161 planes, or a net total of 144 after cancellations. Boeing, which had pulled ahead of Airbus on deliveries amid supply snags in the first quarter, said earlier it had delivered 156 planes and won 154 gross orders in the first four months. Boeing's net orders after cancellations and conversions, which are comparable to Airbus net orders, stood at 69 aircraft so far this year. Airbus is aiming for 720 deliveries this year, having originally targeted that level in 2022 before lowering the goal to 700 then dropping it altogether due to supply chain problems.
Colombia's Viva Air grounds fleet after Avianca merger hold-up
  + stars: | 2023-02-28 | by ( ) www.reuters.com   time to read: +2 min
BOGOTA, Feb 28 (Reuters) - Viva Air said it has temporarily suspended operations as the indebted low-cost carrier awaited a ruling by Colombia's civil aviation authority on its proposed merger with Avianca (AVT_p.CN). Viva Air said late on Monday it had halted ticket sales and grounded its entire fleet after the regulator allowed five other airlines including Aerolineas Argentinas and JetSMART to take part in the merger process. Low-cost carrier JetSMART and regional giant LATAM Airlines have both expressed an interest in buying Viva Air. LATAM, Avianca and local airline Satena will offer alternatives to stranded passengers on some routes at no additional cost, the civil aviation authority said. Colombia's superintendency of transportation will open an investigation against Viva Air, which could result in possible sanctions, it said.
Colombian airline Viva Air weighs local restructuring process
  + stars: | 2023-02-11 | by ( ) www.reuters.com   time to read: +2 min
BOGOTA, Feb 11 (Reuters) - Low-cost Colombian airline Viva Air has voluntarily started a local debt restructuring process, the company said late on Friday, as it awaits authorization of its merger with Avianca (AVT_p.CN) airlines. "Viva accepts this voluntary recovery process that lasts 90 days, in order to restructure its debts through negotiation with its main creditors to continue operating under sustainable conditions," it added. The airline said it entered the process after much consideration, as it awaits a decision on the Avianca merger. The announcement came after ultra-low-cost airline JetSMART Airlines also announced its intention to buy 100% of Viva Air. The airlines filed an appeal and in January the aviation governing body annulled the merger process citing procedural irregularities, and restarted it.
Airbus deliveries fell to 20 jets in January
  + stars: | 2023-02-07 | by ( Tim Hepher | ) www.reuters.com   time to read: +2 min
PARIS, Feb 7 (Reuters) - Airbus (AIR.PA) deliveries fell to 20 airplanes in January compared to 30 in the same month last year, the company said on Tuesday, confirming an earlier Reuters report. Detailed Airbus data showed that the cancellation came from Viva Air Colombia, a subsidiary of Irelandia Aviation. Airbus eventually lowered then abandoned that goal in 2022 as supply chain and industrial pressures began to bite harder than expected. It made 663 industrial deliveries for the year or 661 after a Russia sanctions-related adjustment. Industry sources have said the shallower "hockey stick" recovery would allow Airbus' COVID-hobbled supply chain to reset and prepare a more reliable catch-up from mid-decade.
PARIS, Feb 7 (Reuters) - Airbus (AIR.PA) deliveries fell by a third to 20 airplanes in January compared to 30 in the same month last year, the company said on Tuesday, confirming an earlier Reuters report. Detailed Airbus data showed that the cancellation came from Viva Air Colombia, a subsidiary of Irelandia Aviation. Airbus eventually lowered then abandoned that goal in 2022 as supply chain and industrial pressures began to bite harder than expected. It made 663 industrial deliveries for the year or 661 after a Russia sanctions-related adjustment. Industry sources have said the shallower "hockey stick" recovery would allow Airbus' COVID-hobbled supply chain to reset and prepare a more reliable catch-up from mid-decade.
Total: 7