Where is avianca based

Last month, Avianca's accounting firm, KPMG, said it had "substantial doubts" about the carrier's ability to exist a year from now. Van der Werff had mounted a public relations campaign in recent weeks to secure emergency aid from Colombia's government, but none had materialized as of Sunday.

Avianca has no certain date to resume operations, as its main hubs — Colombia, El Salvador and Peru — have all shut down air traffic to fight the coronavirus. The carrier faced backlash after it sold plane tickets for late May only to have to cancel them when Colombia extended its coronavirus lockdown. Colombia's Avianca is the third of Efromovich's airlines to go through bankruptcy or out of business in recent years.

Airlines Avianca Brasil and Avianca Argentina ceased to exist last year because of economic troubles in their markets. Skip Navigation. Key Points. Avianca, Latin America's second-largest airline, filed for bankruptcy protection after failing to meet a bond payment deadline. Its pleas for coronavirus aid from Colombia's government have so far been unsuccessful. If the airline fails to come out of bankruptcy, Bogota-based Avianca would be one of the first major carriers worldwide to go under as a result of the pandemic, which has crippled world travel.

Airline executives confirmed in a press call on Sunday night that they had not made the payment. The iconic airline combined forces with the Grace Shipping Company in to form Panagra. This joint venture started to command a presence within Latin America with routes in key cross-continent cities.

This secret negotiation gave Pan Am This operation continued to assert control within Colombia during the s but politics surrounding Nazi Germany soon caused uncertainty. The government of Colombia held 15 percent of the shares while Pan Am reduced its slice to 64 percent. Following the restructure, Avianca became the second South American airline to fly directly to the US mainland, following Aerovias Brasil.

By the midway point of the last century, the airline broke ground in Europe with multiple new routes. Lisbon, Paris and Rome were serviced by , giving Avianca an even greater international presence. Thanks to its new flagship aircraft, the Lockheed Super Constellation , the carrier overcame competition from various local start-ups. As the s hit, Avianca flew their first jet-powered aircraft with the Boeing With the successful services flown with this Boeing model, Avianca decided to invest further with the purchase of its in