|Bid||4.2800 x 1000|
|Ask||4.3800 x 1200|
|Day's Range||4.2000 - 4.3400|
|52 Week Range||2.8800 - 6.7900|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.30 (7.29%)|
|1y Target Est||4.80|
- The new management of the company, with the backing of the recently appointed Board of Directors, implements the execution of the "Avianca 2021" plan. BOGOTA, Colombia, July 11, 2019 /PRNewswire/ -- Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) today announced that under its "Avianca 2021" strategy, the new management of Avianca Holdings is rapidly advancing in the execution of a plan to strengthen the company's competitiveness and implement necessary financial adjustments. One of the fundamental pillars of the plan is operational efficiency.
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.
Avianca Holdings S.A. (AVH) closed the most recent trading day at $3.15, moving +1.13% from the previous trading session.
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 ...
Avianca Holdings S.A. (AVH) closed the most recent trading day at $3.89, moving -0.51% from the previous trading session.
Both Aviancas belong to the same family-owned business group, led by brothers German and Jose Efromovich, but are maintained as separate companies. Bogota-based Avianca Holdings is the larger, better-known airline and licenses its brand for free to two smaller airlines owned by the Efromovich brothers, one in Brazil and one in Argentina. The disclosures were made by Avianca Holdings in its annual report filed with the U.S. Securities Exchange Commission on Monday.
BOGOTA, Colombia, April 24, 2019 /PRNewswire/ -- Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) today announced that Hernán Rincón Lema has notified the Avianca Holdings Board of Directors that he plans to retire from the Company effective April 30, 2019 after three years serving as the Company's Chief Executive Officer. Mr. Rincón's announcement, which was made upon completion of his third year as Avianca's CEO, is aligned with the Company's ongoing long-term strategic and organizational development program, as part of a planned transition.
Avianca Holdings S.A. (AVH) closed the most recent trading day at $3.99, moving +0.25% from the previous trading session.
RIO DE JANEIRO (AP) — Avianca Brasil canceled more than 1,045 domestic flights this week because it has to return 18 aircraft to leasing agencies.