FLYING HIGH: Avianca is spending $3 billion for 10 Boeing B787 Dreamliners (photo above) as part of its expansion. (Photo: Boeing)
Despite rising fuel prices and problems in the aviation sector in general, Colombian airline Avianca is booming.
BY MIKE CEASER
BOGOTA — An airplane may not be able to perform a U-turn. But Colombia's Avianca has proven that an airline can.
Colombia's Avianca demonstrated that with its dramatic rebound from bankruptcy to becoming one of the region's most vigorous airlines.
In 2003, battered by high fuel prices, a weak Colombian economy and the aftereffects of the 2001 terrorist attacks in New York and Washington D.C., Avianca declared bankruptcy. In the process, the company became a pioneer by filing Chapter 11 proceedings in the United States - reportedly the first time that a company has reorganized using an ancillary proceeding in a foreign jurisdiction rather than...
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From: Mike Hoover, Santa Ana, Ca. i have come to appreciate avianca the many times i go to bogota since 2007. now married to a colombian from bogota, it is comforting to know that the movies, meals and water are no extra charge. the services on board and at the ticket counters are excellent. thanks avianca ceo and staff
From: Marlo beleno, U.S.A The best airline in the american continent and the 2nd oldest in the world after KLM
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