Easter is a popular time for Brazilians to get out of the city, seek some relaxation further afield, or fly home to spend time with family. As such, it’s a busy time for the country’s airports and a profitable period for its airlines. This year, however, one carrier will be unable to take full advantage of the Easter rush. Avianca Brazil has been forced to cancel a total of 314 scheduled flights over the Easter holiday, with the company giving up a large chunk of its fleet due to a process of court-supervised reorganization, and more reductions are in sight.
Avianca Brazil is a subsidiary of the Synergy Group, the controlling shareholder of the original Avianca airline in Colombia and owner of a total of eight carriers across Latin America.
Established in 2002 as OceanAir, Avianca Brazil has been operating under its current name since 2010. Currently, it is the fourth-largest player in Brazil’s air transport market, responsible for 12.2 percent of the domestic market share as of...
The months of April and May see the biggest changes in publicly listed companies, with…
Panama will hold its presidential elections on Sunday, months after huge protests saw thousands descend…
The city of Rio de Janeiro estimates that a Madonna concert this Saturday on Copacabana…
Latin America’s trend of banning opposition candidates from elections has caught on in an ever-growing…
The São Paulo City Council on Thursday approved legislation authorizing Brazil’s largest city to sign…
The preliminary report on AI regulations presented to Brazil’s Senate last week provides a middle-of-the-road…