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Articles tagged “avianca”

Beleaguered Avianca Faces Two Bribery Probes

Beleaguered Avianca Faces Two Bribery Probes

Julia Symmes Cobb, Reuters

One probe of Colombian airline Avianca is looking at whether a top executive took bribes from Airbus. Another probe is checking whether the airline gave free plane tickets to public officials in return for favors. Both stories are unfortunate distractions from the financial and strategic turnarounds that the company needs to be focusing on.

2 months ago

Business Travel Is Becoming a Bigger Obstacle for Employees with Disabilities

Business Travel Is Becoming a Bigger Obstacle for Employees with Disabilities

Isaac Carey, Skift

The number of people with disabilities in the United States is growing as the population ages, and accessibility is becoming an increasingly important issue for travel companies.

4 months ago

Business Travelers With Disabilities Face a Pervasive Lack of Accessibility

Business Travelers With Disabilities Face a Pervasive Lack of Accessibility

Isaac Carey, Skift

Despite the growing number of people with disabilities in the United States, it's still a challenge to find clear information about accessibility while traveling. This may make traveling so difficult for employees with disabilities that many choose to do it as little as possible.

4 months ago

Former Avianca Chairman Eyes Alitalia Investment

Former Avianca Chairman Eyes Alitalia Investment

Daniele Lepido, Bloomberg

German Efromovich has previously expressed an interest in buying Alitalia so his latest comments aren't entirely surprising. But will his comments translate into an actual deal?

9 months ago

United Moves to Oust Avianca Chairman

United Moves to Oust Avianca Chairman

Ezra Fieser and Justin Bachman, Bloomberg

German Efromovich did this to himself, after offering United majority stake in the airline as collateral for a loan. If he leaves, control could transfer to its second-largest investor, Kingsland Holdings.

11 months ago

Control of Struggling Avianca Could Pass to United Due to Loan Breach

Control of Struggling Avianca Could Pass to United Due to Loan Breach

Ezra Fieser , Bloomberg

Uncertainty is never good for investment, and right now it's taking a major toll on the airline.

11 months ago

Avianca BrasilĀ in Talks for Cash Infusion While It Downsizes Operations

Avianca BrasilĀ in Talks for Cash Infusion While It Downsizes Operations

Fabiana Batista and Paula Sambo, Bloomberg

Avianca Brasil is looking for a lifeline as it cancels routes and sees its aircraft grounded. A viable path forward isn't very clear at the moment.

1 year ago

Avianca Is Latest Airline To Pull Out of Venezuela Because of Political Crisis

Avianca Is Latest Airline To Pull Out of Venezuela Because of Political Crisis

Christine Jenkins, Bloomberg

Airlift is one of the most important factors in growing a tourist arrivals and if Venezuela keeps giving airlines reasons to leave, then its economy will plunge even further.

3 years ago

Avianca’s Second-Largest Shareholder Is Not Happy with new Avianca-United Partnership

Avianca’s Second-Largest Shareholder Is Not Happy with new Avianca-United Partnership

Christine Jenkins, Bloomberg

Does the drama ever end for United? It has been named in a New York lawsuit alleging it underpaid for its commericial arrangement with Avianca, a South American airline. However, the issues seem to be more related to the actions of Avianca's controlling shareholder than on United's actions.

3 years ago

Delta and United Might Be Vying to Invest in Avianca

Delta and United Might Be Vying to Invest in Avianca

Michael Sasso and Christine Jenkins, Bloomberg

United and Delta already both own pieces of Brazilian airlines, with Delta holding 16 percent of Gol and United with 5 percent of Azul. But both apparently see more opportunity in South America, which makes sense considering Latin American carriers have lagged the rest of the world in profits in recent years. There's probably more upside in the region than elsewhere.

3 years ago

Airline Giants Eye Avianca as Smart Latin American Foothold

Airline Giants Eye Avianca as Smart Latin American Foothold

Sabrina Valle and Christine Jenkins, Bloomberg

Airlines know that Latin America may be down right now, but they also know that it will be up soon, and now is the time to get better positioned for the better days.

4 years ago

Delta and United Consider Bids to Buy Colombia’s Avianca

Delta and United Consider Bids to Buy Colombia’s Avianca

Matthew Monks, Bloomberg

These aren't great times for South American airlines, but the market will improve, and Delta or United are in a good position to make a deeper investment in the region.

4 years ago