Brazilian airline Avianca Brazil, operating passenger flights to 25 destinations from the airports of Brasilia and São Paulo-Guarulhos was forced to cancel around 2,000 flights between 19 and 28 April (*) after “a serious reduction of its fleet“. Last week, two lessors decided to repossess 18 aircraft: GECAS (8) and Aircastle Limited (10). Only seven aircraft remain in the fleet.
On 10 December, Avianca Brazil filed for bankruptcy protection; R$100 million ($26 million) are owed to airports and bank debt grew by 50% in 2018, while United Airlines extended a loan of $456 million to Avianca owner Synergy Group. Total debts amount to 493 million reais ($127 million), whereas the first half of 2018 generated 175.6 million reais of losses. On April 18, 2019 Azul cancelled its offer to buy Avianca. (source: wikipedia Avianca Brazil)
On the official website, the airline informs that “due to a “possible reduction of its fleet” and in order to minimize the impact on its operation and its passengers, it has decided to make “occasional” cancellations of flights.”
Occasionally? Not quite, as the airline continues to cancel numerous flights: around 2,000 cancelled flights at least until 28 April and that’s massive. Avianca Brazil, however, announced that it is taking all necessary measures to maintain the normality of its operations:
Meanwhile, Aircastle Limited announced that the ten A320-200 aircraft previously operated by Avianca Brazil are now transitioning to committed long-term leases with a major international carrier. Mike Inglese, Aircastle’s Chief Executive Officer, stated, “We are pleased to have reached an important milestone in the transition of these aircraft to a new global operator. In line with our expectations that these highly in-demand modern aircraft would be quickly placed, we now anticipate that these aircraft will return to service on their new leases during the current quarter.“
This post was published on 24 April 2019 14:09
Eurostar, Europe's high-speed rail service, is gearing up for the Paris 2024 Olympic Games and…
In March 2024, Amsterdam Airport Schiphol witnessed a significant surge in passenger traffic and flight…
AEGEAN Airlines is bolstering its international presence by investing in a specialised fleet of four…
Transavia will add several destinations to its winter network from Dutch airports next winter. This…
Eve Air Mobility, represented by CEO Johann Bordais, has entered into a significant partnership with…
United Airlines has adjusted its aircraft delivery plans for the year due to various challenges,…