The world’s second-oldest airline and the second-largest in Latin America, Avianca, has filed for bankruptcy after failing to meet a bond payment. The airline was forced to announce this bankruptcy due to the wide-ranging effects of the COVID-19 pandemic. The closure of borders and shelter-in-place orders has severely restricted the airline’s operations, leading to significantly
South America’s AviancaTaca has finalised an order for 33 Airbus A320neo and 18 current generation A320 Family aircraft. The deal builds on a memorandum of understanding signed at the Paris Airshow in June. AviancaTaca was created in 2010 by the merger of Columbia’s Avianca Airlines and TACA Airlines of El Salvador. The company includes subsidiary
Avianca has become the first Latin American customer for the Airbus A330 Freighter, signing a firm order for four, to be operated by its cargo subsidiary Tampa.
While the airline’s revenue remains 40.5 per cent lower than pre-pandemic levels, the business said it is now on a rapid track to recovery, especially as it fends off potential bankruptcy.
Volodymyr Bilotkach, associate professor at the Singapore Institute of Technology, explores the last 12 months of the aviation industry, and what the future likely holds.
Costa Rica plans to reopen to US tourists from September onwards, shortly after readmitting travellers flying from a handful of countries deemed "low risk".
