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AVH - Avianca Holdings SA News Story

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Last Trade - 08/05/20

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £2.50bn
Position in Universe th / 6846

Colombia's Avianca cancels 17 Airbus plane orders, delays 35 other deliveries

Fri 15th March, 2019 9:53pm
SAO PAULO, March 15 (Reuters) - Colombian airline Avianca
Holdings  AVT_p.CN  on Friday said it had canceled an order of
17 Airbus A320 Neo aircraft  AIR.PA  and delayed deliveries on
35 others, according to a securities filing. 
    Avianca said this would reduce its financial commitments
between 2020 and 2022 by $2.6 billion. The Colombian carrier has
recently shifted its strategy to a focus on profitability from
growth. 

 (Reporting by Marcelo Rochabrun; Editing by Christian Plumb)
 ((marcelo.rochabrun@thomsonreuters.com; +55 11 5644 7768;))
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