Avianca Holdings S.A. American Depositary Shares (Each representing 8 preferred Shares) (AVH) News
Filter AVH News Items
AVH News Results
| Date | Symbol | Company | Title | Start | End | Change | POWR Rating | ||
|---|---|---|---|---|---|---|---|---|---|
| Loading, please wait... | |||||||||
Latest AVH News From Around the Web
Below are the latest news stories about Avianca Holdings SA that investors may wish to consider to help them evaluate AVH as an investment opportunity.
LifeMiles Ltd. -- Moody's downgrades LifeMiles' ratings to Caa1; negative outlookMoody's Investors Service (Moody's) downgraded to Caa1 from B3 the senior secured and corporate family rating of LifeMiles Ltd. The outlook is negative. LifeMiles' downgrade to Caa1 reflects its exposure to the weak credit profile of its controlling shareholder Avianca Holdings, S.A. (Avianca) which announced that it has filed for Chapter 11 protection on May 10. |
'Going Concern' Warnings Are a Growing ConcernWhen this accounting term pops up, pay attention. Bankruptcy might be close behind. |
Avianca Receives Preliminary OK For Chapter 11 BankruptcyA U.S. federal court on Monday agreed on an interim basis to Avianca Holdings SA's (NYSE: AVH) initial motions to voluntarily reorganize under court-supervised bankruptcy protection.Latin America's second-largest airline sought bankruptcy over the weekend in an effort to continue operating as a smaller company, saying the shutdown of its passenger network because of the coronavirus pandemic is putting extreme pressure on its cash reserves.Avianca also operates a fleet of freighters and is a significant conduit for trade in Latin America.The U.S. Bankruptcy Court for the Southern District of New York approved motions allowing Avianca to pay past-due and future employee wages and benefits, maintain its customer programs and honor obligations to travel agency partners, vendors and ... |
Latin America's airlines pray for bailouts to avoid Avianca's fateAvianca Holdings had known since late March that the Colombian airline's cash pile would only cover a few months of expenses while its entire fleet sat grounded because of aggressive anti-coronavirus lockdowns. In those conditions, Sunday's bankruptcy filing was hardly a surprise. What was surprising was the absence of one key stakeholder: the Colombian government. |
Why Shares of United Airlines Holdings Are Down TodayShares of United Airlines Holdings (NASDAQ: UAL) fell 5% on Tuesday as the entire sector remained under pressure following comments by Boeing's CEO predicting some airlines would fail. United is under particular duress because an airline it is associated with, Colombia's Avianca Holdings (NYSE: AVH), has succumbed to bankruptcy. United in particular was hit due to Avianca filing for Chapter 11 protection in the U.S. Southern District of New York. |
Columbian Carrier Avianca Files For Bankruptcy Protection Due to Coronavirus WoesAvianca Holdings (AVH) filed for bankruptcy protection after travel restrictions tied to the coronavirus pandemic brought passenger operations to an almost complete halt … The post Columbian Carrier Avianca Files For Bankruptcy Protection Due to Coronavirus Woes appeared first on Smarter Analyst . |
BRIEF-Avianca Says Filed Voluntary Petitions Under Chapter 11 In U.S. Bankruptcy CourtAvianca Holdings SA: |
Latin America's second-largest airline, Avianca, driven to bankruptcy by Covid-19Avianca Holdings, Latin America's second-largest airline, filed for bankruptcy on Sunday, after failing to meet a bond payment deadline, while its pleas for coronavirus aid from Colombia's government have so far been unsuccessful. |
Latin America's 2nd-biggest airline Avianca files for bankruptcy amid virus outbreakAvianca Holdings, Latin America's No. 2 airline, filed for bankruptcy Sunday, as a bond payment deadline loomed and after pleas for aid from Colombia's government to weathe… |
Synergy, Delhi-based firm show interest in Jet AirwaysMUMBAI: South America’s Synergy Group and an Indian asset reconstruction company are said to have submitted initial bids for investing in bankrupt carrier Jet Airways. Indian conglomerate Hinduja Group stayed away from the bids, said a person aware of the development.Today was the deadline for submission for expressions of interest, extended by the committee of creditors from Jan 6.Synergy owns majority shares in airlines including Colombian carrier Avianca Holdings.The conglomerate had last time submitted an expression of interest in August after the August 10 deadline set by the resolution professional running the bid process.The group hasn’t, according to people in the know, submitted a binding bid for the airline.Jet Airways, India’s oldest private airline stopped operating on April... |