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April 28, 2020 Avianca Holdings announced (22-Apr-2020) Holdings 2019 consolidated financial statement will include an explanatory paragraph indicating that “substantial doubt exists as to our ability to continue as a going concern”, which will be added by Avianca Holdings‘ independent auditors KPMG, in the absence of further information in support of Avianca Holdings‘ ability to meet obligations. https://blueswandaily.com/kpmg-substantial-doubt-exists-as-to-avianca-holdings-ability-to-continue-as-a-going-concern/
26-Feb-2020 8:35 PM Cerda reaffirms support for El Dorado expansion IATA said regional connectivity would be affected if Colombia’s capital had two airports. Expanding Bogota’s El Dorado airport would be a better economic option than building a second hub, the International Air Transport Association (IATA) has said. Reaffirming its position on plans to build a second airport which would handle some of the commercial passenger and cargo traffic, IATA said connectivity in the region would be affected if the Colombian capital had two airports. In a statement, IATA said: “The
An executive of Colombia’s largest airliner Avianca sought at least $4 million in bribes to secure the purchase of 100 aircraft from Airbus, according to French authorities. The European aircraft manufacturer agreed to pay a $3.9 billion fine to French, British and American authorities after admitting to bribery practices throughout the world between 2004 and 2016. “The largest single order ever made in Latin America’s aviation history” One of these bribes was agreed with “Y,” a senior executive of Avianca’s mother companies Avianca Holdings and the Synergy Group of controversia
https://blueswandaily.com/avianca-ceo-the-situation-of-the-company-shifted-180-degrees/ February 3, 2020 Avianca CEO Anko van der Werff, via Avianca‘s official LinkedIn account, commented (30-Jan-2020) on Avianca‘s financial performance, stating: “We ended 2019 in the best way. The financial situation of the company shifted 180 degrees in comparison to Aug-2019”. Avianca CFO Adrian Neuhauser stated: “We succeeded in the negotiations with our investors after almost six months. Those funds were used to recompose us financially and we no longer have such debt”.