|Bid||3.5000 x 1100|
|Ask||4.4800 x 1100|
|Day's Range||3.4550 - 3.6500|
|52 Week Range||2.8800 - 5.9900|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.20 (5.51%)|
|1y Target Est||N/A|
Colombia's Avianca Holdings said on Thursday that internal investigators are looking into potential bribery, as the airline had in the past given free tickets and free upgrades to government officials of several countries. Avianca has gone through a management upheaval in recent months after longtime chairman and controlling shareholder German Efromovich was ousted in a boardroom coup in May led by United Airlines Holdings Inc, which had lent money to one of Efromovich's companies. United has not seized the shares, but did appoint a new chairman and Avianca has a new chief executive officer as well.
Avianca Holdings S.A. (NYSE: AVH) provided an update on its financial condition during its second quarter 2019 earnings report. The Colombian airline is in the middle of a major restructuring dubbed "Avianca 2021." The debt-laden airline's transformation strategy is centered on gaining density in its most profitable routes and lowering its debt burden.
Moody's Investors Service (Moody's) today downgraded to B2 from Ba2 LifeMiles Ltd.'s (LifeMiles) corporate family and senior secured ratings. LifeMiles' downgrade to B2 reflects its exposure to the weak credit profile and liquidity pressures of Avianca Holdings, S.A. (Avianca) which increases the risk of additional up streaming of cash flows to shareholders, either in the form of dividends, most likely financed with incremental debt, or anticipated purchases of airline tickets.
United Airlines, like American Airlines (AAL) and Southwest Airlines (LUV), extends the grounding tenure of Boeing 737 Max jets in fleet.
Brazil's civil aviation regulator ANAC said on Friday it had suspended all flights and operations of carrier Avianca Brasil in the country as a precautionary measure, following the company's filing for bankruptcy late last year. "All the flights are suspended until the company proves it has the capacity to maintain operations safely," ANAC said in a statement. Avianca Brasil has filed for bankruptcy protection and lost most of its fleet after lessors obtained favorable court decisions to take aircraft back for lack of payments.
United, which is proposing a three-way joint business agreement with Avianca and Panama's Copa, said the move follows a default by Efromovich's holding company BRW Aviation on a $456 million loan it made six months ago. United's loan was backed by Efromovich's 51.5% stake in Avianca. As a result, United is ceding voting rights to Kingsland Holdings, the Colombian carrier’s second-largest shareholder.
Brazil's civil aviation regulator ANAC said on Friday it had suspended the operations of carrier Avianca Brasil in the country, including all remaining flights, as a precautionary measure. "All the flights are suspended until the company proves it has the capacity to maintain operations safely," ANAC said in a statement. Avianca Brasil has filed for bankruptcy protection and lost most of its fleet after lessors obtained favourable court decisions to take aircraft back for lack of payments.
U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal document seen by Reuters. Elliott, known in Latin America for forcing Argentina into bigger repayments on defaulted bonds, is Avianca Brasil's largest creditor by a wide margin, with claims totaling almost $490 million. Avianca Brasil filed for bankruptcy protection in December, setting off a dispute for its routes among Brazil's top three airlines.
Brazilian airline Azul SA on Monday made a new attempt to purchase some of bankrupt airline Avianca Brasil's most coveted routes, offering $145 million and reversing a decision not to participate. Avianca Brasil filed for bankruptcy protection in December, setting off a fierce battle for its airport slots, the rights to land and depart in crowded airports, which were expected to be sold at a bankruptcy auction that was suspended indefinitely. On Monday afternoon, Avianca Brasil's pilots and aircraft crew said through their union that they would hold an indefinite general strike on Friday, citing recurring delays in payroll.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
A Brazilian appeals court on Monday suspended a bankruptcy auction set for Tuesday, in which struggling carrier Avianca Brasil hoped to raise at least $140 million by selling some of its coveted airport takeoff and landing rights, known as slots. The suspension could put further stress on Avianca Brasil, the country's No. 4 airline, which has been operating with very little cash since filing for bankruptcy protection in December. The airline said in a statement that it was still analyzing what it would do in response and that it had not filed an appeal as of Tuesday afternoon.
A bankruptcy auction for struggling carrier Avianca Brasil that was scheduled for Tuesday has been suspended through a last-minute injunction, according to a legal document seen by Reuters. The suspension ...